Question: An analyst finds that, for a firm reporting a return on net operating assets of 19 percent, the asset turnover had declined from 2.2 to

An analyst finds that, for a firm reporting a return on net operating assets of 19 percent, the had declined from 2.2 to 1.9.
a. Calculate the profit margin for the year.
b. What does the decrease in the tell you about the likelihood of the19 percent RNOA being maintained in the future?

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