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((Please help, I am stuck! Thank you!)) Sunland Company reports the following information (in millions) during a recent year: net sales, $9,300.0; net earnings, $465.0;
((Please help, I am stuck! Thank you!))
Sunland Company reports the following information (in millions) during a recent year: net sales, $9,300.0; net earnings, $465.0; total assets, ending, $4,400.0; and total assets, beginning, $4,900.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2\% or 6.2.) 1. Return on assets % 2. Asset turnover times 3. Profit margin %Step by Step Solution
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