Rolston Recording has total assets of $10,500,000 and a total asset turnover of 2.10 times. If the
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Rolston Recording has total assets of $10,500,000 and a total asset turnover of 2.10 times. If the return on assets is 13 percent, what is its profit margin?
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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