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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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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Related Book For
Financial Accounting
ISBN: 978-1259307959
4th edition
Authors: David Spiceland, Wayne Thomas, Don Herrmann
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