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By how much must a firm reduce its assets in order to improve ROA from 10% to 12% if the firm's operating profit margin is
By how much must a firm reduce its assets in order to improve ROA from 10% to 12% if the firm's operating profit margin is 5% on sales of $4 million? Assume that the reduction in assets has no effect on sales or profit margin Multiple Choice $400,000 O $240,000 $333,333 $516,167
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