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PXG Company has total assets of $9,400,000 and a total asset turnover of 2.44 times. Assume the return on assets is 10 percent. What
PXG Company has total assets of $9,400,000 and a total asset turnover of 2.44 times. Assume the return on assets is 10 percent. What is its profit margin? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Profit margin %
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
