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Current Attempt in Progress Oriole Limited reported the following information (in millions) at December 31, 2024: sales $13,780; net income $572; total assets at December 31, 2024, $7,909; and total assets at December 31, 2023, $7,275. (a) Calculate the following ratios for the year: (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, eg. 5.2% or 5.2.) Return on assets %

Current Attempt in Progress Oriole Limited reported the following information (in millions) at December 31, 2024: sales $13,780; net income $572; total assets at December 31, 2024, $7,909; and total assets at December 31, 2023, $7,275. (a) Calculate the following ratios for the year: (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, eg. 5.2% or 5.2.) Return on assets %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress Oriole Limited reported the following information (in millions) at December 31, 2024: sales $13,780; net income $572; total assets at December 31, 2024, $7,909; and total assets at December 31, 2023, $7,275. (a) Calculate the following ratios for the year: (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.) Return on assets Asset turnover Profit margin eTextbook and Media Save for Later % times % Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:Current Attempt in Progress Oriole Limited reported the following information (in millions) at December 31, 2024: sales $13,780; net income $572; total assets at December 31, 2024, $7,909; and total assets at December 31, 2023, $7,275. (a) Calculate the following ratios for the year: (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.) Return on assets Asset turnover Profit margin eTextbook and Media Save for Later % times % Attempts: 0 of 3 used Submit Answer
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