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3. If net profit is 3 percent, asset turnover is 6, and financial leverage is 2.1. what is the return on assets? What does your

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3. If net profit is 3 percent, asset turnover is 6, and financial leverage is 2.1. what is the return on assets? What does your result mean in your own words? The Card Shoppe last year had a gross margin of $1,500,000, a net profit of $250,000, and net sales were $2,000,000. What was the Card Shoppe's net profit margin? What does your result mean in your own words? A retailer has a net profit of $1,000,000, total assets of $12,000,000, a 2.5 asset turnover and a net worth of $5,000,000. What is its financial leverage? What does your result mean in your own words? Please show all pertinent calculations (inclusive of all intermediate steps) and answer the respective questions. me a return on net worth of 30 percent. If its asset turnover is 2 and its

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