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Collins Cement has a return on total assets of 12 percent. If it has $3.5 million in total assets and a total asset turnover of
Collins Cement has a return on total assets of 12 percent. If it has $3.5 million in total assets and a total asset turnover of 2 times, it follows that the firm must have a net profit margin of?
4%
14%
24%
6%
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