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Pharoah Company reports the following information (in millions) during a recent year: net sales, $9,940.5; net earnings, $331.4; total assets, ending, $5,530.0; and total assets,

Pharoah Company reports the following information (in millions) during a recent year: net sales, $9,940.5; net earnings, $331.4; total assets, ending, $5,530.0; and total assets, beginning, $5,515.0.

(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. Assets ? Times
  3. Profit Margin ? %

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