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Oriole Company reports the following information (in millions) during a recent year: net sales. $14,889.6; net earnings. $412.8; total assets, ending. $6,036.8; and total assets,
Oriole Company reports the following information (in millions) during a recent year: net sales. $14,889.6; net earnings. $412.8; total assets, ending. $6,036.8; and total assets, beginning. $5,955.6. Calculate the (1) return on assets. (2) asset turnover, and (3) profit margin ratios. (Round answers to 1 decimal place, e.g. 15.2% or 15.1.) (1) Return on assets (2) Asset turnover % times % (3) Profit margin
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