Billy's BBQ reported sales of $795,000 and net income of $34,000. Billy's also reported ending...
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Accounting
Billy's BBQ reported sales of $795,000 and net income of $34,000. Billy's also reported ending total assets of $500,000 and beginning total assets of $393,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Billy's BBQ. Return on Assets Choose Numerator Choose Denominator = Return on Assets = Return on Assets Profit Margin Choose Numerator Choose Denominator = Profit Margin Asset Turnover Ratio Choose Numerator Choose Denominator = II + Profit Margin Asset Turnover = Asset Turnover = times
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