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McLaren Corporation has net income of $11.44 million and net revenue of $80 million in 2010. Its assets are $14 million at the beginning of
McLaren Corporation has net income of $11.44 million and net revenue of $80 million in 2010. Its assets are $14 million at the beginning of the year and $18 million at the end of the year. What are McLaren's (a) asset turnover and (b) profit margin? (Round answers to 1 decimal place, e.g. 10.5.) (a) Asset turnover times (b) Profit margin %
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