Question
Accelerated Logistics provides the following information: Operating income $1,600,000 Net sales $14,000,000 Average total assets $1,800,000 Management's target rate of return 30% What is the
Accelerated Logistics provides the following information:
| Operating income | $1,600,000 |
| Net sales | $14,000,000 |
| Average total assets | $1,800,000 |
| Management's target rate of return | 30% |
What is the company's profit margin ratio? (Round your answer to two decimal places.)
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A History Of Accountancy In The United States
Authors: Gary John Previts, Barbara Dubis Merino
98th Edition
0814207286, 978-0814207284
