Revenue Expenses Average total assets Average total liabilities $1,125,000 $ 850,000 $750,000 $ 475,000 Given the...

 

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Revenue Expenses Average total assets Average total liabilities $1,125,000 $ 850,000 $750,000 $ 475,000 Given the above data for Ridgeline Company, what is the profit margin assuming the minimum rate of return on assets is 10%? Revenue Expenses Average total assets Average total liabilities $1,125,000 $ 850,000 $750,000 $ 475,000 Given the above data for Ridgeline Company, what is the profit margin assuming the minimum rate of return on assets is 10%?

Answer rating: 100% (QA)

The ROA is the product of two other common ratios profit margin and asset turnover When profit marg... View the full answer