Question
The 2025 Annual Report of Splish International contains the following information: (in millions) June 29, 2025 June 27, 2024 Total assets $1,523 $1,563 Total
The 2025 Annual Report of Splish International contains the following information: (in millions) June 29, 2025 June 27, 2024 Total assets $1,523 $1,563 Total liabilities 1,055 1,020 Net sales 2,812 2,706 Net income 134 130 Compute the following ratios for Splish International for 2025: (a) Asset turnover ratio. (Round answer to 3 decimal places, eg. 0.851 times.) times (b) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) % (c) Profit margin on sales. (Round answer to 2 decimal places, eg. 4.87.) %
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Accounting Principles Part 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306791, 978-1118306796
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