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Dimeback Co. has total assets of $8,600,000 and a total asset turnover of 2.36 times. Assume the return on assets is 10 percent. Required: What
Dimeback Co. has total assets of $8,600,000 and a total asset turnover of 2.36 times. Assume the return on assets is 10 percent. Required: What is the company's sales? (Do not round intermediate calculations.) Sales $ What is the company's net income? (Do not round intermediate calculations.) Net income $ What is its profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Profit margin %
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