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round each answer to one decimal place (Analyring operafing return on assots) The D. A. Winston Corporation earned an operating proff margin of 10.8 percent
round each answer to one decimal place
(Analyring operafing return on assots) The D. A. Winston Corporation earned an operating proff margin of 10.8 percent based on sales of 5 to 5 milkikn and tatal assets ut 558 milion tast year. a. What was Winston's total assot tuenover ratio? b. During the coming year the company president has set a goat of attaining a fotal asset tuenover of 3.3. How much must firm salos rise, other things being the same, for the goal to be achieved? (State your answer in both dollars and percentage increase in sales.) c. What was Winston's operating return on assets last year? Assuming the frmis operating profit margin remains the same, what will the operating return on assets be next year if the total asset turnover goal is achieved? a. What was Winstori's total asset turnover ratio? Winston's total asset turnover ratio was Step by Step Solution
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