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Sunland Company reports the following information (in millions) during a recent year: net sales, $10, 360.0; net earnings, $210.0; total assets, ending, $4, 355.0; and
Sunland Company reports the following information (in millions) during a recent year: net sales, $10, 360.0; net earnings, $210.0; total assets, ending, $4, 355.0; and total assets, beginning, $4, 895.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. 1. Return on assets % 2. Asset turnover times 3. Profit margin %
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