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Scott Johnson is a member of a cotton marketing cooperative. When he received his cooperative's annual report, he calculated the following ratios from the
Scott Johnson is a member of a cotton marketing cooperative. When he received his cooperative's annual report, he calculated the following ratios from the financial statements: Total asset turnover = 3 Equity multiplier = 1.2 Net income = $9,000 Total sales $300,000 = Match the cooperative's profit margin, return on investment and return on equity to the calculated ratios. Profit margin A.3% Return on investment B. 10.8% Return on equity C.9%
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