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Elder's Bread and Bakery reports net sales and net income for the year of $600,000 and $63,000, respectively. The company had assets of $350,000
Elder's Bread and Bakery reports net sales and net income for the year of $600,000 and $63,000, respectively. The company had assets of $350,000 and $390,000 at the beginning and end of the year, respectively. Calculate Elder's return on assets, profit margin, and asset turnover. Note: Round "Return on Assets" answer to nearest whole percentage, "Profit Margin" answer to one decimal place and "Assets Turnover" answer to 2 decimal places. Return on Assets Profit Margin Assets Turnover % % times
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