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Barry's BBQ had sales revenue for the year of $250 million and net income of $70 million. Total assets were $80 million at the beginning
Barry's BBQ had sales revenue for the year of $250 million and net income of $70 million. Total assets were $80 million at the beginning of the year, and $90 million at the end of the year.
Required: Calculate the following ratios: (Do not round intermediate calculations. Round your answers to one decimal place.) 1. Return on assets ratio 2. Profit margin ratio 3. Asset turnover ratio
\begin{tabular}{|l|l|l|} \hline Return on assets & & % \\ \hline Profit margin & & % \\ \hline Asset turnover & & times \\ \hline \end{tabular}
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