Question: Chap 3_ Ross_ Problems New i 12 7.69 points Saved PXG Co. has total assets of $9,100,000 and a total asset turnover of 2.41 times.

Chap 3_ Ross_ Problems New i 12 7.69 points Saved PXG

Chap 3_ Ross_ Problems New i 12 7.69 points Saved PXG Co. has total assets of $9,100,000 and a total asset turnover of 2.41 times. Assume the return on assets is 11 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin % Skipped eBook Print References

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