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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

%

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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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