Question
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.
1) Calculate the return on assets.
2) Calculate the profit margin.
3) Calculate the asset turnover ratio.
steps would be helpful thanks
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Survey Of Accounting
Authors: Carl S. Warren, Amanda Farmer, Jefferson P. Jones
10th Edition
0357900294, 9780357900291
