Cullumber Company reports the following information (in millions) during a recent year: net sales, $11,898.0; net earnings, $396.6; total assets, ending, $5,825.0; and total assets, beginning, $4,090.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.) 1. Return on assets enter the return on assets in percentages rounded to 1 decimal places % 2. Asset turnover enter the asset turnover rounded to 1 decimal places times 3. Profit margin enter the profit margin in percentages rounded to 1 decimal places %
