Forcum Company reports the following information (in millions) during a recent year: net sales, $12,408.5;...
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Accounting
Forcum Company reports the following information in millions during a recent year: net sales, $; net earnings, $: total assets, ending,$; and total assets, beginning,$
aCalculate the return on assets asset turnover and profit margin ratios
b Prove mathematically how the profit margin and asset turnover ratios work together to explainreturn on assets, by showing the appropriate calculations
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