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Brad's BBQ reported sales of $855,000 and net income of $40,000. Brad's also reported ending total assets of $504,000 and beginning total assets of $397,000.
Brad's BBQ reported sales of $855,000 and net income of $40,000. Brad's also reported ending total assets of $504,000 and beginning total assets of $397,000. 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 11 Profit Margin Choose Denominator Choose Numerator . Profit Margin Profit margin 11 Asset Turnover Choose Denominator Choose Numerator : II = Asset Turnover Asset turnover times
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