In its 2014 annual report, Campbell Soup Company reports beginning- of-the-year total assets of $8,113 million, end-of-the-year total assets of $8,323 million, total sales of $8,268 million, and net income of $807 million. a. Compute Campbell ?s asset turnover. b. Compute Campbell ?s profit margin on the sale. c. Compute Campbell?s return on an asset using (1) asset turnover and profit margin and (2) net income. (1) Assets turnover and profit margin (2) Net income Return on assets % %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In its 2014 annual report, Campbell Soup Company reports beginning-
of-the-year total assets of $8,113 million, end-of-the-year total assets
of $8,323 million, total sales of $8,268 million, and net income of $807
million.
a. Compute Campbell ?s asset turnover.
b. Compute Campbell ?s profit margin on the sale.
c. Compute Campbell?s return on an asset using (1) asset turnover and
profit margin and (2) net income.
(1) Assets turnover and profit margin
(2) Net income
Return on assets
%
%
Transcribed Image Text:In its 2014 annual report, Campbell Soup Company reports beginning- of-the-year total assets of $8,113 million, end-of-the-year total assets of $8,323 million, total sales of $8,268 million, and net income of $807 million. a. Compute Campbell ?s asset turnover. b. Compute Campbell ?s profit margin on the sale. c. Compute Campbell?s return on an asset using (1) asset turnover and profit margin and (2) net income. (1) Assets turnover and profit margin (2) Net income Return on assets % %
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