Carla Vista Co. reports the following information (in millions) during a recent year: net sales, $10,125.3; net earnings, $320.8; total assets, ending, $4,550.0; and total assets, beginning, $5,475.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.) 1. Return on assets enter the return on assets in percentages rounded to 1 decimal places % 2. Asset turnover enter the asset turnover rounded to 1 decimal places times 3. Profit margin enter the profit margin in percentages rounded to 1 decimal places %
Carla Vista Co. reports the following information (in millions) during a recent year: net sales, $10,125.3; net earnings, $320.8; total assets, ending, $4,550.0; and total assets, beginning, $5,475.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.) 1. Return on assets enter the return on assets in percentages rounded to 1 decimal places % 2. Asset turnover enter the asset turnover rounded to 1 decimal places times 3. Profit margin enter the profit margin in percentages rounded to 1 decimal places %
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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Carla Vista Co. reports the following information (in millions) during a recent year: net sales, $10,125.3; net earnings, $320.8; total assets, ending, $4,550.0; and total assets, beginning, $5,475.0.
(a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.)
1. |
Return on assets
|
enter the return on assets in percentages rounded to 1 decimal places
|
% | ||
---|---|---|---|---|---|
2. |
Asset turnover
|
enter the asset turnover rounded to 1 decimal places
|
times | ||
3. |
Profit margin
|
enter the profit margin in percentages rounded to 1 decimal places
|
% |
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