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solve all these parts of question 9 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): sales of $2,909 in
solve all these parts of question 9
Gildan Activewear Inc. reported the following selected financial information (all in U.S. \$ millions): sales of $2,909 in 2018, \$2,751 in 2017 , and $2,585 in 2016. The company also reported net income of $351 in 2018, \$362 in 2017, and \$347 in 2016. Assets at the end of 2018 were $3,005; at the end of 2017,$2,981; and at the end of 2016,$2,990. Calculate Gildan's (1) asset turnover, (2) profit margin, and (3) return on assets for 2018 and 2017. (Round answers to 1 decimal place, e.g. 5.2.)Step by Step Solution
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