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Motorola Credit Corporation's annual report Net revenue (sales) Net earnings Total assets Total liabilities. Total stockholders' equity c. Find the asset turnover ratio. Note: Round your answer to the nearest cent. Asset turnover (dollars in millions) $ 285 157 2,115 1,838 277 d. Find the profit margin ratio on net sales. Note: Round your answer to the nearest hundredth percent. Profit margin %

Motorola Credit Corporation's annual report Net revenue (sales) Net earnings Total assets Total liabilities. Total stockholders' equity c. Find the asset turnover ratio. Note: Round your answer to the nearest cent. Asset turnover (dollars in millions) $ 285 157 2,115 1,838 277 d. Find the profit margin ratio on net sales. Note: Round your answer to the nearest hundredth percent. Profit margin %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Motorola Credit Corporation's annual report Net revenue (sales) Net earnings Total assets Total liabilities Total stockholders' equity Asset turnover c. Find the asset turnover ratio. Note: Round your answer to the nearest cent. (dollars in millions) $ 285 157 Profit margin 2,115 1,838 277 d. Find the profit margin ratio on net sales. Note: Round your answer to the nearest hundredth percent. %
Transcribed Image Text:Motorola Credit Corporation's annual report Net revenue (sales) Net earnings Total assets Total liabilities Total stockholders' equity Asset turnover c. Find the asset turnover ratio. Note: Round your answer to the nearest cent. (dollars in millions) $ 285 157 Profit margin 2,115 1,838 277 d. Find the profit margin ratio on net sales. Note: Round your answer to the nearest hundredth percent. %
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