edugen/stud fr.uni Forefront TMG 1\" suggested Stes. HP. See What\'s Hot WebSlic

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edugen/stud fr.uni Forefront TMG 1" suggested Stes. HP. See What's Hot WebSlice Gallery, Reynold41 Sign b nment Exercise 9-17 Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,895.0; net earnings, s2 $280.0; total assets, ending $5,370.0; and total assets, beginning, $4,990.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to i decimal place, e g. 62% and 6.2.) 1. Return on assets 2. Asset turnover 3. Profit margin Click if you would like to Show Work for this question: Open ShoN Work times LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 5 used SAVE FOR LATER SUBPT ANSW Earn Maximum Points avaiñable only it you answer this question correctly in your first

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Return on asset Net Earnings 280 average assets 10360 5180 ROA 5.4% Asset Turnover Sales 12895 average assets 5180

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profit Margin Net earnings 280 Sales 12895 2.2%

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