Sunland Company reports the following information (in millions) during a recent year: net sales, $11,257.9; net earnings, $327.9. tota assets, ending. $5,560.0; and total assets, beginning, $5,370.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, eg. 6.2% and 6.2.) . 1. 2 Return on assets Asset turnover times

Sunland Company reports the following information (in millions) during a recent year: net sales, $11,257.9; net earnings, $327.9. tota assets, ending. $5,560.0; and total assets, beginning, $5,370.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, eg. 6.2% and 6.2.) . 1. 2 Return on assets Asset turnover times

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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