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Brad's BBQ, reported sales of 720,000 and net income of $26,500 in its 2015 income statement. Brad's also reported total assets of $495,000 in its
Brad's BBQ, reported sales of 720,000 and net income of $26,500 in its 2015 income statement. Brad's also reported total assets of $495,000 in its 2015 balance sheet and $388,000 in its 2014 balance sheet. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ in 2015 Return on Assets Choose Numerator Choose Denominator-1 Return on Assets Return on assets Profit Margin Choose Numerator | | Choose Denominator Profit Margin Profit margin Asset Turnover Choose Numerator | | Choose Denominator | = | Asset Turnover | Asset turnover times
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