A retailer has net sales of $1,000,000, net profit of $185,000, total assets of $600,000, and a

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A retailer has net sales of $1,000,000, net profit of $185,000, total assets of $600,000, and a net worth of $225,000.
a. Calculate asset turnover, profit margin, and return on assets.
b. Compute financial leverage and return on net worth.
c. Evaluate the financial performance of this retailer.

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Retail Management A Strategic Approach

ISBN: 9780133796841

13th Edition

Authors: Barry Berman, Joel Evans, Patrali Chatterjee

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