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Exercise 7-19B Calculate ratios (LO7-7) A company reported sales of $660,000 and net income of $41,000. The company also reported ending total assets of $491,000
Exercise 7-19B Calculate ratios (LO7-7) A company reported sales of $660,000 and net income of $41,000. The company also reported ending total assets of $491,000 and beginning total assets of $384.000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for the company. Return on Assets Choose Denominator Choose Numerator = = Return on Assets Return on assets
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