ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 147

5)
In its 2011 annual report, Campbell Soup Company
reports beginning-of-the-year total assets of $6,276 million,
end-of-the-year total assets of $6,862 million, total sales of
$7,719 million, and net income of $805 million.

6)
Compute Campbell’s asset turnover ratio. (Round
answer to 3 decimal places, e.g. 4.871.)

Asset turnover ratio

7)
Compute Campbell’s profit margin on sales. (Round
answer to 2 decimal places, e.g. 4.87 or 4.87%.)