CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREENPRINTER VERSION Brief Exercise 11-10

Question

CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREENPRINTER VERSION Brief Exercise 11-10 In its 2011 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $6,276 million, end-of-the-year total assets of $6,862 million, total sales of $7,719 million, and net income of $805 million. Compute Campbell's asset turnover ratio. (Round answer to 3 decimal places, e.g. 4.871.) Asset turnover ratio times LINK TO TEXT Compute Campbell's profit margin on sales. (Round answer to 2 decimal places, eg. 4.87 or 4.87%.) Profit margin on sales LINK TO TEXT Compute Campbell's return on assets using (1) asset turnover and profit margin and (2) net income. (Round answers to 2 decimal places, e.g. 4.87 or 4.87%.) Return on assets edugen/shared/assignmenty/test/aglist.un id asnm120 7785 N10066

Explanation / Answer

Average assets=(Beginning assets+Ending assets)/2

=(6276+6862)/2=$6569million

1.Asset turnover=Sales/Average assets

=(7719/6569)=1.175(Approx)

2.Profit margn=Net income/Sales

=(805/7719)=10.43%(Approx)

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