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RM Smithers Company had an operating profit margin of 10% based on sales of $10 million and total assets of $5 million. What was Smithers
RM Smithers Company had an operating profit margin of 10% based on sales of $10 million and total assets of $5 million. What was Smithers total asset turnover ratio and operating return on assets?
a. 10% and 2.0
b.20% and 2.0
c. 2.0 and 20%
d.2.0 and 30%
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