(in millions) Total assets Total liabilities Net sales Net income Report or VVI (b) June 29, 2025 $1,399 1,106 2,961 (c) 132 June 27, 2024 $1,487 1,108 2,941 Compute the following ratios for Windsor International for 2025: 140 (a) Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.) times % %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The 2025 Annual Report of Windsor International contains the following information:
(in millions)
Total assets
Total liabilities
Net sales
Net income
(a)
(b)
June 29, 2025
$1,399
1,106
2,961
Compute the following ratios for Windsor International for 2025:
(c)
132
June 27, 2024
$1,487
1,108
2,941
140
Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.)
Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.)
Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
times
%
%
Transcribed Image Text:The 2025 Annual Report of Windsor International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2025 $1,399 1,106 2,961 Compute the following ratios for Windsor International for 2025: (c) 132 June 27, 2024 $1,487 1,108 2,941 140 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.) times % %
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