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Calculate the return on assets and asset turnover

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Reference no: EM132365395

Question

Please explain this problem - Accounting Ivanhoe Company reports the following information (in millions) during a recent year: net sales, $11,015.0; net earnings, $375.0; total assets, ending, $4,970.0; and total assets, beginning, $4,025.0.

(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: EM132365395

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