in its 2014 annual report, Campbell Soup Company reports beginning-of-the-year t
ID: 2588596 • Letter: I
Question
in its 2014 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $8,113 million, end-of-the-year total assets of $8,323 million, total sales of s8,268 million, and net income of $807 million. Compute Campbell's asset turnover (Round answer to 4 decimal places, e.g. 4.8726.) Asset turnover times Compute Campbell's profit margin on sales. (Round answer to 4 decimal places, e.g. 4.872696.) 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%.) Return on assets (1) Asset turnover and profit margin (2) Net incomeExplanation / Answer
Return on Assets using Asset turnover and Profit margin
Return on Assets using net income
In $ Millions Particulars Amt Sales (A) 8268 Opening Assets 8113 Closing Assets 8323 Average Assets (B) 8218 Asset Turnover (A/B) 1.0061Related Questions
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