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Reagan Industries has Assets of $6,500,000 and an asset turnover ratio of 1.5 times per year. ROA is 11%. What is the firm's Profit Margin?

Reagan Industries has Assets of $6,500,000 and an asset turnover ratio of 1.5 times per year. ROA is 11%. What is the firm's Profit Margin? 8.42% 7.33% 10% 11%

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