Question
Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,846.4; net earnings, $282.3; total assets, ending, $5,370.0; and total assets,
Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,846.4; net earnings, $282.3; total assets, ending, $5,370.0; and total assets, beginning, $4,990.0. (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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