Question
Wildhorse Co. reports the following information (in millions) during a recent year: net sales, $12,763.6; net earnings, $375.4; total assets, ending, $5,165.0; and total assets,
Wildhorse Co. reports the following information (in millions) during a recent year: net sales, $12,763.6; net earnings, $375.4; total assets, ending, $5,165.0; and total assets, beginning, $4,220.0.
(a)Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin.(Round answers to 1 decimal place, e.g. 6.2% and 6.2.)
1.Return on assets
enter the return on assets in percentages rounded to 1 decimal places
2.Asset turnover
enter the asset turnover rounded to 1 decimal places
3.Profit margin
enter the profit margin in percentages rounded to 1 decimal places
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