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How do you solve? Pharoah Company reports the following information (in millions) during a recent year: net sales, $10,122.0; net earnings, $241.0; total assets, ending,
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Pharoah Company reports the following information (in millions) during a recent year: net sales, $10,122.0; net earnings, $241.0; total assets, ending, $4,175.0; and total assets, beginning, $5,465.0. (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 % 2. Asset turnover times 3. Profit margin %
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