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Crane Limited reported the following information (in millions) at December 31, 2018: net sales $ 14,140; net income $ 539; total assets at December 31,
Crane Limited reported the following information (in millions) at December 31, 2018: net sales $ 14,140; net income $ 539; total assets at December 31, 2018, $ 6,563; and total assets at December 31, 2017, $ 6,503. (a) Calculate the following ratios for the year: (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.)
Return on assets:
Asset turnover:
Profit margin:
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