Question
Dimeback Co. has total assets of $8,800,000 and a total asset turnover of 2.38 times. Assume the return on assets is 12 percent. What is
Dimeback Co. has total assets of $8,800,000 and a total asset turnover of 2.38 times. Assume the return on assets is 12 percent.
What is the company's sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sales
What is the company's net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) 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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