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.     Please answer all parts.       Compute Campbell’s asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.) Asset turnover      times     LINK TO TEXT       Compute Campbell’s profit margin on sales. (Round answer to 4 decimal places, e.g. 4.8726%.) Profit margin on sales      %     LINK TO TEXT       Compute Campbell’s return on assets using (1) asset turnover and profit margin and (2) net income. (Round answers to 2 decimal places, e.g. 4.87%.)         Return on assets   (1)   Asset turnover and profit margin      % (2)   Net income      %

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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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.
 
 
Please answer all parts.
 
 
 
Compute Campbell’s asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.)

Asset turnover  
 
 times
 
 

LINK TO TEXT
 
 
 
Compute Campbell’s profit margin on sales. (Round answer to 4 decimal places, e.g. 4.8726%.)

Profit margin on sales  
 
 %
 
 

LINK TO TEXT
 
 
 
Compute Campbell’s return on assets using (1) asset turnover and profit margin and (2) net income. (Round answers to 2 decimal places, e.g. 4.87%.)

        Return on assets  
(1)   Asset turnover and profit margin  
 
 %
(2)   Net income  
 
 %
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