Explain, using the profit margin and total asset turnover ratios, how two companies in the same business

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Explain, using the profit margin and total asset turnover ratios, how two companies in the same business (use retail clothing stores as an example) can earn the same ROA, yet have very different operating strategies. 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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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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