Brad's BBQ reported sales of $735,000 and net income of $28,000. Brad's also reported ending total assets

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Brad's BBQ reported sales of $735,000 and net income of $28,000. Brad's also reported ending total assets of $496,000 and beginning total assets of $389,000.
Required:
Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ.
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Financial Accounting

ISBN: 978-1259307959

4th edition

Authors: David Spiceland, Wayne Thomas, Don Herrmann

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