1. In its 2007 annual report Campbell Soup Company reports beginning-of-the-year total assets of $7,745 million, end-of-the-year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million.
(a) Compute Campbell's asset turnover ratio.
(b) Compute Campbell's profit margin on sales.
(c) Compute Campbell's rate of return on assets (1) using asset turnover and profit margin and (2) using net income