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In its 2007 Annual Report Campbell Soup Company reports beginning-of-the-year total assets of $7,745 million, end-of-the-year total assets of $6,445 million, total sales of $7,867
In its 2007 Annual Report Campbell Soup Company reports beginning-of-the-year total assets of $7,745 million, end-of-the-year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million. (a) Compute Campbell's asset turnover ratio. (Round answer to 3 decimal places,i.e. 5.252.) ______________ times (b) Compute Campbell's profit margin on sales. (Round answer to 2 decimal places, i.e. 5.25.) __________________ % (c) Compute Campbell's rate of return on assets. (Round answers to 2 decimal places, i.e. 5.25.) ________________________ %
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