Barry's BBQ had sales revenue for the year of $450 million and net income of $75 million. Total assets were $70 million at the beginning of the year, and $80 million at the end of the year. Calculate Barry's return on assets, profit margin, and asset turnover ratios. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
Barry's BBQ had sales revenue for the year of $450 million and net income of $75 million. Total assets were $70 million at the beginning of the year, and $80 million at the end of the year. Calculate Barry's return on assets, profit margin, and asset turnover ratios. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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Barry's BBQ had sales revenue for the year of $450 million and net income of $75 million. Total assets were $70 million at the beginning of the year, and $80 million at the end of the year.
Calculate Barry's
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