Cullumber Company reports the following information (in millions) during a recent year: net sales, $17,976.0; net income, $449.4; total assets, ending, $5,400.0; and total assets, beginning, $5,300.0. Your answer has been saved. See score details after the due date. Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin ratios. (Round answers to 2 decimal places, e.g. 15.20% or 15.12.) (1) Return on assets (2) (3) (b) Asset turnover Profit margin Save for Later 8.4 + 3.4 2.5 % times % .../5 Prove mathematically how the profit margin and asset turnover ratios work together to explain return on assets, by showing the appropriate calculations. + Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer ... :

Cullumber Company reports the following information (in millions) during a recens yean net sales, $17,976,0; net income, $449,4; total assets, endine $5,400,0, and total assets beginning $5.300.0 (a) Your anwer has been sived see scoce detals aftee the due date. Calculate the (1) return on assets (2) asset turnover, and (3) profit marein ratios (Round answers te 2 decimel ploces, es. 15.20 or 15.12J (1) Return onmsets (2) Awstturnover times. (a) Probitmarien Attempts 1 of 1 used (b) Prove muthematically how the prohit marein and anset turnover ratios work tocether to explainreturn on ascts, by showine the appropriale catculations Cullumber Company reports the following information (in millions) during a recens yean net sales, $17,976,0; net income, $449,4; total assets, endine $5,400,0, and total assets beginning $5.300.0 (a) Your anwer has been sived see scoce detals aftee the due date. Calculate the (1) return on assets (2) asset turnover, and (3) profit marein ratios (Round answers te 2 decimel ploces, es. 15.20 or 15.12J (1) Return onmsets (2) Awstturnover times. (a) Probitmarien Attempts 1 of 1 used (b) Prove muthematically how the prohit marein and anset turnover ratios work tocether to explainreturn on ascts, by showine the appropriale catculations