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EBK CONTEMPORARY FINANCIAL MANAGEMENT

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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Brad's BBQ reported sales of $660,000 and net income of $41,000. Brad's also reported ending total assets of $491,000 and
beginning total assets of $384,000.
Required:
Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ.
Return on Assets
Choose Numerator
Choose Denominator
Return on Assets
Return on assets
%3D
Profit Margin
Choose Numerator
Choose Denominator
Profit Margin
Profit margin
%3D
II
II

Asset Turnover
Choose Numerator
Choose Denominator
Asset Turnover
Asset turnover
times
II

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Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total assets of $496,000 and beginning total assets of $389,000.Required:Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ.
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Power Company reported beginning and ending total assets of $29,000 and $40,000, respectively. Its net sales revenue for the year were $23,000. What was Power's asset turnover ratio?

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