Last year Electric Autos had sales of $100 million and assets at the start of the year

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Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%, what was its operating profit margin?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Aug 18, 2017 02:20 PM

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Last year Electric Autos had sales of $100 million and assets at the start of the year

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Fundamentals of Corporate Finance

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