Question
Accelerated Logistics provides the followinginformation: Operating income: $1,500,000 Net sales: $15,000,000 Average total assets: $1,950,000 Management's target rate of return: 30% What is thecompany's profit
Accelerated Logistics provides the followinginformation:
Operating income: $1,500,000
Net sales: $15,000,000
Average total assets: $1,950,000
Management's target rate of return: 30%
What is thecompany's profit marginratio? (Round your answer to two decimalplaces.)
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Financial Markets And Institutions
Authors: Peter Howells, Keith Bain
5th Edition
0273709194, 9780273709190
