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Calculate the return on assets

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Reference no: EM132451556

Problem - Bakely Company reports the following information (in millions) during a recent year: net sales, $12,517.4; net earnings, $246.6; total assets, ending, $5,517.4; and total assets, beginning, $5,827.5.

Required - Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin.

Reference no: EM132451556

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