Question

Brad’s BBQ reported sales of $1,063,927 and net income of $68,477 in its 2015 income statement. Brad’s also reported total assets of $675,378 in its 2015 balance sheet and $545,588 in its 2014 balance sheet.

Required:
Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ in 2015.



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  • CreatedJuly 15, 2014
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