Question: Lab Assignment K (Profitability analysis) Last year Triangular Resources earned $5.4 million in net operating income and had an operating profit margin of 19.9

Lab Assignment K (Profitability analysis) Last year Triangular Resources earned $5.4 million

Lab Assignment K (Profitability analysis) Last year Triangular Resources earned $5.4 million in net operating income and had an operating profit margin of 19.9 percent. If the firm's total asset humover ratio was 1.49, what was the Sm's investment in total assets? The company's total assets are $16.6 million (Round to one decimal place.)

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