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Compute ROA, Profit Margin, and Asset Turnover Refer to the balance sheet and income statement information for 3M Company, presented belon Ho a. Compute 3M's
Compute ROA, Profit Margin, and Asset Turnover Refer to the balance sheet and income statement information for 3M Company, presented belon Ho a. Compute 3M's 2014 return on assets (ROA) Assume a tax rate of 35%. Do not round until your final answer. Round answer to one decimal place (i.e., 0.2568=25.7% ). % b. Disaggregate ROA into profit margin (PM) and asset turnover (AT). Confirm ROA = PM X AT Do not round until your final answers. Round PM and ROA to one decimal place (i.e., 0.2568= 25.7\%) Round AT to 3 decimal places. Compute ROA, Profit Margin, and Asset Turnover Refer to the balance sheet and income statement information for 3M Company, presented belon Ho a. Compute 3M's 2014 return on assets (ROA) Assume a tax rate of 35%. Do not round until your final answer. Round answer to one decimal place (i.e., 0.2568=25.7% ). % b. Disaggregate ROA into profit margin (PM) and asset turnover (AT). Confirm ROA = PM X AT Do not round until your final answers. Round PM and ROA to one decimal place (i.e., 0.2568= 25.7\%) Round AT to 3 decimal places
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