Question
Cullumber Companyreports 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,
Cullumber Companyreports 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
3.Profit margin?
enter the profit margin in percentages rounded to 1 decimal places
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