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Billy's BBQ reported sales of $600,000 and net income of $35,000. Billy's also reported ending total assets of $487,000 and beginning total assets of $380,000.

image text in transcribed Billy's BBQ reported sales of $600,000 and net income of $35,000. Billy's also reported ending total assets of $487,000 and beginning total assets of $380,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Billy's BB

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