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Brad's BBQ reported sales of $825,000 and net income of $37,000. Brad's also reported ending total assets of $502,000 and beginning total assets of $395,000.
Brad's BBQ reported sales of $825,000 and net income of $37,000. Brad's also reported ending total assets of $502,000 and beginning total assets of $395,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets = Choose Denominator = Choose Numerator Return on Assets Return on assets Profit Margin = Choose Denominator = Choose Numerator Profit Margin Profit margin Asset Turnover Choose Denominator Choose Numerator + = Asset Turnover = Asset turnover times
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