Question
Crane Company reports the following information (in millions) during a recent year: net sales, $ 10,700.0; net earnings, $ 365.0; total assets, ending, $ 4,155.0;
Crane Company reports the following information (in millions) during a recent year: net sales, $ 10,700.0; net earnings, $ 365.0; total assets, ending, $ 4,155.0; and total assets, beginning, $ 4,340.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.)
1. | Return on assets | enter the return on assets in percentages rounded to 1 decimal places | % | ||
---|---|---|---|---|---|
2. | Asset turnover | enter the asset turnover rounded to 1 decimal places | times | ||
3. | Profit margin | enter the profit margin in percentages rounded to 1 decimal places | % |
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