PXG Co. has total assets of $8.42 million and a total asset turnover of 1.5 times. If

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PXG Co. has total assets of $8.42 million and a total asset turnover of 1.5 times. If the return on assets is 8.3 percent, what is its profit margin?

Asset Turnover
Asset 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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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 26, 2019 09:28 AM

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PXG Co. has total assets of $8.42 million and a total asset turnover of 1.5 times. If

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Essentials of Corporate Finance

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