Solved: Compute the companys return on assets profit margin and, Financial Accounting

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Compute the companys return on assets profit margin and

Without New Products

With New Products

Sales revenue $11,686,200 $16,263,600

Net income $486,300 $878,400

Average total assets $5,917,600 $13,539,700

(a) Compute the company's return on assets, profit margin, and asset turnover, both with and without the new product line. (Round answers to 0 decimal places, e.g. 2% and asset turnover to 1 decimal place, e.g. 6.2)

Without new products With new product

6.5% 8.2%

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Financial Accounting: Compute the companys return on assets profit margin and

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Financial Accounting: Compute the companys return on assets profit margin and

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