Brad's BBQ reported sales of $871,500 and net income of $43,000. Brads also reported ending total assets of $506,000 and beginning total assets of $399,000.

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

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PROFIT MARGIN

CHOOSE NUMERATOR + CHOOSE DENOMINATOR = RETURN ON ASSETS

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