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Brad's BBQ reported sales of $840,000 and net income of $38,500. Brad's also reported ending total assets of $503,000 and beginning total assets of $396,000.
Brad's BBQ reported sales of $840,000 and net income of $38,500. Brad's also reported ending total assets of $503,000 and beginning total assets of $396,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator + Choose Denominator = 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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