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QUESTION: In its 2007 Annual Report, Campbell Soup company reports beginning-of-the-year total assets of $7,745 million, end-of-the- year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million. (a) Compute Campbell's asset turnover ratio. (Round answer to 3 decimal places, i.e. 5.252.) (b) Compute Campbell's profit margin on sales. (Round answer to 2 decimal places, i.e. 5.25.) (c) Compute Campbell's rate of return on assets. (Round answer to 2 decimal places, i.e. 5.25.)

QUESTION: In its 2007 Annual Report, Campbell Soup company reports beginning-of-the-year total assets of $7,745 million, end-of-the- year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million. (a) Compute Campbell's asset turnover ratio. (Round answer to 3 decimal places, i.e. 5.252.) (b) Compute Campbell's profit margin on sales. (Round answer to 2 decimal places, i.e. 5.25.) (c) Compute Campbell's rate of return on assets. (Round answer to 2 decimal places, i.e. 5.25.)

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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QUESTION: In its 2007 Annual Report, Campbell Soup company reports beginning-of-the-year total assets of $7,745 million, end-of-the- year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million. (a) Compute Campbell's asset turnover ratio. (Round answer to 3 decimal places, i.e. 5.252.) (b) Compute Campbell's profit margin on sales. (Round answer to 2 decimal places, i.e. 5.25.) (c) Compute Campbell's rate of return on assets. (Round answer to 2 decimal places, i.e. 5.25.)
Transcribed Image Text:QUESTION: In its 2007 Annual Report, Campbell Soup company reports beginning-of-the-year total assets of $7,745 million, end-of-the- year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million. (a) Compute Campbell's asset turnover ratio. (Round answer to 3 decimal places, i.e. 5.252.) (b) Compute Campbell's profit margin on sales. (Round answer to 2 decimal places, i.e. 5.25.) (c) Compute Campbell's rate of return on assets. (Round answer to 2 decimal places, i.e. 5.25.)
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