Question: Brad s BBQ reported sales of 735 000 and net income

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.


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  • CreatedJuly 15, 2014
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