In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $7,837 million, end-of-the-year total assets of $7,726 million, total sales of $7,890 million, and net income of $887 million.           Compute Campbell’s asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.) Asset turnover   enter asset turnover in times rounded to 4 decimal places    times     LINK TO TEXT       Compute Campbell’s profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87%.) Profit margin on sales   enter profit margin on sales in percentages rounded to 4 decimal places    %     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   enter percentages rounded to 2 decimal places    % (2)   Net income   enter percentages rounded to 2 decimal places    %

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter9: Long-term Assets: Fixed And Intangible
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In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $7,837 million, end-of-the-year total assets of $7,726 million, total sales of $7,890 million, and net income of $887 million.
 
 
 
 
 
Compute Campbell’s asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.)

Asset turnover  
enter asset turnover in times rounded to 4 decimal places
 
 times
 
 

LINK TO TEXT
 
 
 
Compute Campbell’s profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87%.)

Profit margin on sales  
enter profit margin on sales in percentages rounded to 4 decimal places
 
 %
 
 

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
 
enter percentages rounded to 2 decimal places
 
 %
(2)
 
Net income
 
enter percentages rounded to 2 decimal places
 
 %
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