Question
In its 2011 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $6,276 million, end-of-the-year total assets of $6,862 million, total sales of $7,719
In its 2011 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $6,276 million, end-of-the-year total assets of $6,862 million, total sales of $7,719 million, and net income of $805 million.
Review last question below and answer, Thanks.
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Compute Campbells asset turnover ratio. (Round answer to 3 decimal places, e.g. 4.871.)
Asset turnover ratio | times |
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Compute Campbells profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87 or 4.87%.)
Profit margin on sales | % |
Need Answer as follow:
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Compute Campbells return on assets using (1) asset turnover and profit margin and (2) net income. (Round answers to 2 decimal places, e.g. 4.87 or 4.87%.)
Return on assets | |||||
(1) | Asset turnover and profit margin | % | |||
(2) | Net income | % |
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