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The 2025 Annual Report of Oriole International contains the following information: (in millions) June 29, 2025 June 27, 2024 Total assets $1,347 $1,330 Total
The 2025 Annual Report of Oriole International contains the following information: (in millions) June 29, 2025 June 27, 2024 Total assets $1,347 $1,330 Total liabilities 1,130 1,217 Net sales 2,688 2,605 Net income 137 124 Compute the following ratios for Oriole International for 2025: (a) Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) (b) Rate of return on assets. (Round answer to 2 decimal places, eg. 4.87.) (c) Profit margin on sales. (Round answer to 2 decimal places, eg. 4.87) times. 96 %
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
