Carla Vista Limited reported the following information (in millions) at December 31,2024 : sales $19,000;...

60.1K

Verified Solution

Question

Accounting

image Carla Vista Limited reported the following information (in millions) at December 31,2024 : sales $19,000; net income $552; total assets at December 31, 2024, \$6,805; and total assets at December 31, 2023, \$7,163. (a) Calculate the following ratios for the year: (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.) Return on assets % Asset turnover times Profit margin %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students