FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The 2025 Annual Report of Marigold International contains the following information:
(in millions)
Total assets
Total liabilities
Net sales
Net income
(b)
June 29, 2025
(c)
$1.552
1.091
2,733
150
June 27, 2024
$1.376
1.147
2.845
Compute the following ratios for Marigold International for 2025:
136
Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.)
Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.)
Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
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Transcribed Image Text:The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
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