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Billy's BBQ reported sales of $690,000 and net income of $44,000. Billy's also reported ending total assets of $493,000 and beginning total assets of $386,000.
Billy's BBQ reported sales of $690,000 and net income of $44,000. Billy's also reported ending total assets of $493,000 and beginning total assets of $386,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Billy's BBQ. Return on Assets Choose Numerator Choose Denominator Return on Assets Net income - Average total assets = Return on Assets - II 0 Profit Margin Choose Denominator Choose Numerator . Profit Margin Profit Margin Net income Sales = 0 Asset Turnover Ratio Choose Numerator Asset Turnover Choose Denominator Average total assets Sales Asset Turnover = = + 0 times
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