In its 2009 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $6,474 million, end-of-the-year total

Question:

In its 2009 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $6,474 million, end-of-the-year total assets of $6,056 million, total sales of $7,586 million, and net income of $736 million.
(a) Compute Campbell’s ratio.
(b) Compute Campbell’s profit margin on sales.
(c) Compute Campbell’s rate of return on assets
(1) Using and profit margin and
(2) Using net income.

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.