The 2012 Annual Report of Brinker International contains the following information. Instructions Compute the following ratios for
Question:
The 2012 Annual Report of Brinker International contains the following information.
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Instructions
Compute the following ratios for Brinker International for 2012.
(a) Asset turnover ratio.
(b) Rate of return on assets.
(c) Profit margin on sales.
(d) How can the asset turnover ratio be used to compute the rate of return onassets?
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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Step by Step Answer:
d The asset turnover ratio times the profit margin on sales provides the rate of return ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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