Billys Crystal Stores Inc. has assets of $5,960,000 and turns over its assets 1.9 times per year.

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Billy’s Crystal Stores Inc. has assets of $5,960,000 and turns over its assets 1.9 times per year. Return on assets is 8 percent. What is the firm’s profit margin (return on sales)?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:30 AM

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Billys Crystal Stores Inc. has assets of $5,960,000 and turns over its assets 1.9 times per year.

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Foundations of Financial Management

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