Question
A firm wants to improve its ROA from 12% to 15%. If the firm's operating profit margin is 5% on sales of $3 million, by
A firm wants to improve its ROA from 12% to 15%. If the firm's operating profit margin is 5% on sales of $3 million, by how much must the firm reduce its assets?
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Sales 3 million Profit margin 5 So profit 3 005 Pro...
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
