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Required information (The following information applies to the questions displayed below.] Barry Sanders, likely the best running back to ever play football, has opened a

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Required information (The following information applies to the questions displayed below.] Barry Sanders, likely the best running back to ever play football, has opened a successful used-car dealership. He has noted a higher than normal percentage of sales for trucks and SUVs with hauling capacity at his dealership. He is also aware that several of the best recreational lakes in the state are located nearby. Barry is considering expanding his dealership to include the sale of recreational boats. Barry provides the following projections of net sales, net income, and average total assets in support of his proposal. Net sales Net income Average total assets Cars Only $6,310,000 310,000 1,510,000 Cars and Boats $7,510,000 510,000 1,710,000 Required: 1. Calculate Barry's return on assets, profit margin, and asset turnover for cars only. Return on Assets Choose Denominator Choose Numerator Return on Assets Return on assets Profit Margin Choose Denominator Choose Numerator Profit Margin Profit Margin Asset Turnover Choose Numerator Choose Denominator Asset Turnover Asset Turnover times

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