Question
25. Earls Fishing Tackle, Inc. earned a 3.0% net profit margin last year. The firm earned the return on $2,000,000 in sales using $500,000 in
25. Earls Fishing Tackle, Inc. earned a 3.0% net profit margin last year. The firm earned the return on $2,000,000 in sales using $500,000 in total assets, $450,000 of which were fixed assets. The firm therefore earned a return on investment of
A. Cannot be determined from the information provided.
B. 8.0%
C. 9.75%
D. 12.0%
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Property Finance
Authors: David Isaac
2nd Edition
0333987144, 978-0333987148
