Brad's BBQ reported sales of $660,000 and net income of $41,000. Brad's also reported ending total assets of $491,000 and beginning total assets of $384,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator Choose Denominator Return on Assets %3D Return on assets %3D %3D

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Brad's BBQ reported sales of $660,000 and net income of $41,000. Brad's also reported ending total assets of $491,000 and
beginning total assets of $384,000.
Required:
Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ.
Return on Assets
Choose Numerator
Choose Denominator
Return on Assets
Return on assets
%3D
Profit Margin
Choose Numerator
Choose Denominator
Profit Margin
Profit margin
%3D
II
II
Transcribed Image Text:Brad's BBQ reported sales of $660,000 and net income of $41,000. Brad's also reported ending total assets of $491,000 and beginning total assets of $384,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator Choose Denominator Return on Assets Return on assets %3D Profit Margin Choose Numerator Choose Denominator Profit Margin Profit margin %3D II II
Asset Turnover
Choose Numerator
Choose Denominator
Asset Turnover
Asset turnover
times
II
Transcribed Image Text:Asset Turnover Choose Numerator Choose Denominator Asset Turnover Asset turnover times II
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