Bakely Company reports the following information (in millions) during a recent year: net sales, $12,897.5;...
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Accounting
Bakely Company reports the following information (in millions) during a recent year: net sales, $12,897.5; net earnings, $361.7; total assets, ending, $5,682.0; and total assets, beginning, $4,118.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.)
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