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Tic-Tac-Toe Inc. provides an 18% return on equity. The firm has sales of $70,620, total assets of $104,000, and total equity of $68,000. The profit

Tic-Tac-Toe Inc. provides an 18% return on equity. The firm has sales of $70,620, total assets of $104,000, and total equity of $68,000. The profit margin for the firm equals:

Points: 1

  1. 17.33%

  2. 20.25%

  3. 23.95%

  4. 24.24%

  5. Believe in yourself.

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