Question: (Analyzing profitability) Stagg Group Plc declared 600,000 in net operating income, an operating profit margin of 15 percent, and a net profit margin of 10

(Analyzing profitability) Stagg Group Plc declared £600,000 in net operating income, an operating profit margin of 15 percent, and a net profit margin of 10 percent. If the firm’s asset turnover ratio was 2.50, what was the firm’s return on asset?

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