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Bob's BBQ reported sales of $725,244 and net income of $38,229. Bob's also reported ending total assets of $487,555 and beginning total assets of
Bob's BBQ reported sales of $725,244 and net income of $38,229. Bob's also reported ending total assets of $487,555 and beginning total assets of $390,613. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Bob's BBQ. Return on Assets Choose Numerator Choose Denominator Choose Numerator Choose Numerator -1- Return on Assets = Return on Assets II 0 Profit Margin Choose Denominator = Profit Margin = Profit Margin = 0 Asset Turnover Ratio Choose Denominator -+- = Asset Turnover = Asset Turnover = 0 times
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