Question - 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.