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Gamma Co., a manufacturer of medical products, had a 10% return on assets and an asset turnover of 4:1. What was Gamma's profit margin on
Gamma Co., a manufacturer of medical products, had a 10% return on assets and an asset turnover of 4:1. What was Gamma's profit margin on sales? A.40.0% B.10.0% C. 4.0% D. 2.5%
can you explain step by step why the answer is D. 2.5%?
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