Question: Can you solve this general accounting problem using accurate calculation methods? Lexar Corp. provides the following financial information: Profit margin ratio: 6% Asset turnover ratio:

Can you solve this general accounting problem using accurate calculation methods?

Lexar Corp. provides the following financial information: Profit margin ratio: 6% Asset turnover ratio: 1.8 times Net sales: $600,000 Target rate of return: 12% What is the Return on Investment (ROI)

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