In 2012, Tim Hortons Inc. reported net sales of $2,226 million, profit of $403 million, and average

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In 2012, Tim Hortons Inc. reported net sales of $2,226 million, profit of $403 million, and average total assets of $2,244 million. In 2011, its net sales were $2,012 million, profit was $383 million, and average total assets were $2,343 million. Did the company's return on assets and asset turnover ratios improve or deteriorate in 2012.

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  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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