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Calculate the return on assets and profit margin ratios

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Reference no: EM131805406

Question - Hopson Company reports the following information (in millions) during a recent year: net sales, $8,053.7; net earnings, $254.8; total assets, ending, $5,546.6; and total assets, beginning, $4,635.9.

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

Reference no: EM131805406

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