Exercise 9-12

Bakely Company reports the following information (in millions) during a recent year: net sales, $12,517.4; net earnings, $246.6; total assets, ending, $5,517.4; and total assets, beginning, $5,827.5.

(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		%
2.	Asset turnover		times
3.	Profit margin		%

4/5/2016 Exercise 9-12 Exercise 9-12 Bakely Company reports the following information (in millions) during a recent year: net sales, $12,517.4; net earnings, $246.6; total assets, ending, $5,517.4; and total assets, beginning, $5,827.5. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decim al place, e.g. 6.2% and 6.2.) 1. Return on assets 2. Asset turnover 3. Profit margin % times % LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 2 used SA VE FOR LA TER SUBMIT A NSWER Earn Maximum Points available only if you answer this question correctly in your first attempt. C opyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/student/main.uni 1/1