# In its 2014 annual report, Campbell Soup Company reports beginning-of-the-year total assets of \$8,113 million, end-of-the-year total assets of \$8,323 million, total sales of \$8,268 million, and net income of \$807 million.  Please answer all parts.   Compute Campbell’s asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.)Asset turnover   times  LINK TO TEXT   Compute Campbell’s profit margin on sales. (Round answer to 4 decimal places, e.g. 4.8726%.)Profit margin on sales   %  LINK TO TEXT   Compute Campbell’s return on assets using (1) asset turnover and profit margin and (2) net income. (Round answers to 2 decimal places, e.g. 4.87%.)    Return on assets (1) Asset turnover and profit margin   %(2) Net income   %

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In its 2014 annual report, Campbell Soup Company reports beginning-of-the-year total assets of \$8,113 million, end-of-the-year total assets of \$8,323 million, total sales of \$8,268 million, and net income of \$807 million.

Compute Campbell’s asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.)

 Asset turnover times

Compute Campbell’s profit margin on sales. (Round answer to 4 decimal places, e.g. 4.8726%.)

 Profit margin on sales %

Compute Campbell’s return on assets using (1) asset turnover and profit margin and (2) net income. (Round answers to 2 decimal places, e.g. 4.87%.)

 Return on assets (1) Asset turnover and profit margin % (2) Net income %
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Step 1

Determine average t... help_outlineImage TranscriptioncloseTotal assets at the beginning of the year (a) \$8,113 million \$8,323 million \$8,218 million Total assets at the end of the year (b) Average total assets (a+b)/2 fullscreen

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