Crane Company reports the following information (in millions) during a recent year: net sales, $10,700.0; net earnings, $365.0; total assets, ending, $4,155.0; and total assets, beginning, $4,340.0.
(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 %