Question: Following are selected financial statement data from 3 M Company. Required a . Compute the return on assets ( ROA ) , profit margin (
Following are selected financial statement data from M Company. Required a Compute the return on assets ROA profit margin PM and asset turnover AT for each of the three years F F and F Round any intermediate calculations to the nearest whole dollar amount. b What factor is mainly responsible for the change in Ms ROA from FY to FY Is it profit margin or asset turnover or both? c What factor is mainly responsible for the change in Ms ROA from FY to FY Is it profit margin or asset turnover or both?
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