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The 2020 Annual Report of Sage International contains the following information (in millions) June 29, 2020 June 27, 2019 Total assets $1,551 $1,346 Total liabilities
The 2020 Annual Report of Sage International contains the following information (in millions) June 29, 2020 June 27, 2019 Total assets $1,551 $1,346 Total liabilities 1,008 1.113 Net sales 2,906 2,745 Net income 140 141 Compute the following ratios for Sage International for 2020. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) %
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