In its 2023 annual report, Bonita Limited reports beginning-of-the-year total assets of $2,365 million, end-of-the-year...
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In its 2023 annual report, Bonita Limited reports beginning-of-the-year total assets of $2,365 million, end-of-the-year total assets of $2,635 million, total revenue of $2,250 million, and net income of $126 million. Calculate Bonita's asset turnover ratio. (Round answer to 2 decimal places, e.g. 52.75. Asset turnover ratio mes Calculate Bonita's profit margin. (Round answer to 2 decimal places, e.g. 52.75\%.) Profit margin % Calculate Bonita's rate of return on assets (1) using the asset turnover and profit margin, and (2) using net income. (Round answers to 2 decimal places, e.g. 52.75%.) \begin{tabular}{l|l|l|} \hline (1) Using the asset turnover and profit margin & Rate of return on assets \\ (2) Using net income & % \end{tabular}
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