Question

Brad’s BBQ reported sales of $ 735,000 and net income of $ 28,000 in its 2015 income statement. Brad’s also reported total assets of $ 496,000 in its 2015 balance sheet and $ 389,000 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.



$1.99
Sales8
Views471
Comments0
  • CreatedJuly 15, 2014
  • Files Included
Post your question
5000