Question
Elizabeth Tailors Inc. has assets of $8,000,000 and turns over its assets 1.5 times per year. Return on assets is 12%; what is the firm's
Elizabeth Tailors Inc. has assets of $8,000,000 and turns over its assets 1.5 times per year. Return on assets is 12%; what is the firm's profit margin (returns on sales)?
Question 23 options:
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| A) | 6% |
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| B) | 9% |
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| C) | 7% |
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| D) | 8% |
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
