A firm has assets of $1,800,000 and turns over its assets 2.5 times per year. Return on

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A firm has assets of $1,800,000 and turns over its assets 2.5 times per year. Return on assets is 20 percent. What is its profit margin (return on sales)?

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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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Question Posted: Sep 21, 2015 05:27 AM

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A firm has assets of $1,800,000 and turns over its assets 2.5 times per year. Return on

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Fundamentals of Investment Management

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