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Calculate the return on assets and asset turnover

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Question

Blossom Company reports the following information (in millions) during a recent year: net sales, $11,510.0; net earnings, $295.0; total assets, ending, $4,800.0; and total assets, beginning, $5,370.0.

(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=_____%

2. Asset turnover=____ times

3. Profit margin= ____%

Reference no: EM132316456

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