Exercise Calculate ratios
Brad's BBQ, reported sales of $735,000 and net income $28,000 in its 2015 income statement. Brad's also reported total assets of $496,000 in its 2015 halanoe sheet and $389,000 in its 2014 balance sheet.
Required
calculate the return on assets, the profit margin, and the as. turnover ratio ler Brads BBO in 2015.