The 2025 Annual Report of Indigo International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2025 (c) $1,456 1,130 2,485 129 June 27, 2024 $1,436 1,157 Compute the following ratios for Indigo International for 2025: 2,663 137 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 % %

The 2025 Annual Report of Indigo International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2025 (c) $1,456 1,130 2,485 129 June 27, 2024 $1,436 1,157 Compute the following ratios for Indigo International for 2025: 2,663 137 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

Section: Chapter Questions

Problem 1Q

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