Elizabeth Tailors Inc. has assets of $8,540,000 and turns over its assets 1.8 times per year. Return

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Elizabeth Tailors Inc. has assets of $8,540,000 and turns over its assets 1.8 times per year. Return on assets is 16.5 percent. What is the firm’s profit margin (returns on sales)?

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Foundations Of Financial Management

ISBN: 9781264097623

18th Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Sep 28, 2023 03:58 AM

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Elizabeth Tailors Inc. has assets of $8,540,000 and turns over its assets 1.8 times per year. Return

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