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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Asked Nov 21, 2019
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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.
 
 
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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Total 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

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