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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. 2. 3. Return on assets Asset turnover Profit margin eTextbook and Media Save for Later % times % Attempts: 0 of 5 used Submit Answer
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