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Calculate the return on assets and profit margin

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Reference no: EM132753455

Problem - Pharoah Company reports the following information (in millions) during a recent year: net sales, $10,122.0; net earnings, $241.0; total assets, ending, $4,175.0; and total assets, beginning, $5,465.0.

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

Reference no: EM132753455

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