The company profit margin is 16%, sales are $900,000 and the total assets are $2,000,000. What is

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The company profit margin is 16%, sales are $900,000 and the total assets are $2,000,000. What is the return on assets?

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Entrepreneurial Finance

ISBN: 978-1305968356

6th edition

Authors: J. Chris Leach, Ronald W. Melicher

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Posted Date: May 09, 2023 07:27 AM

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The company profit margin is 16%, sales are $900,000 and the total assets are $2,000,000. What is

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The return on assets ROA is calculated by dividing the net inco... View the full answer

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