Question: Brief Exercise 222 Selected data from the Florida Fruit Company are presented below: Total assets Average total assets Net income Net sales Average common stockholders'

 Brief Exercise 222 Selected data from the Florida Fruit Company are

Brief Exercise 222 Selected data from the Florida Fruit Company are presented below: Total assets Average total assets Net income Net sales Average common stockholders' equity Net cash provided by operating activities $1,500,000 1,850,000 175,000 1,300,000 1,000,000 275,000 Assuming that no dividends were declared or paid during the period. Calculate the profit margin. (Round answer to 1 decimal place, e.g. 15.2%.) Profit margin Compute asset turnover. (Round answer to 2 decimal places, e.g. 0.25.) times Asset turnover Compute return on assets. (Round answer to 1 decimal place, e.g. 15.2%.) Return on assets Compute return on common stockholders' equity - (Round answer to 1 decimal place, e.g. 15.2%.) Return on common stockholders' equity

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