Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total assets of $496,000 and beginning total assets of $389,000.Required:Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ.
Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total assets of $496,000 and beginning total assets of $389,000.Required:Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 5MAD: Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent...
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Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total assets of $496,000 and beginning total assets of $389,000.
Required:
Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ.
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