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A company has dividend yield of 27%, and asset turnover of 1.8 times per year. If the return on total assets was 14 percent, what was its profit margin? Please give the correct answer. This is a multile choice question so there is one right answer 7.7% 7% 9% 48%

A company has dividend yield of 27%, and asset turnover of 1.8 times per year. If the return on total assets was 14 percent, what was its profit margin? Please give the correct answer. This is a multile choice question so there is one right answer 7.7% 7% 9% 48%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A company has dividend yield of 27%, and asset turnover of 1.8 times per year. If the return on total assets was 14 percent, what was its profit margin? Please give the correct answer. This is a multile choice question so there is one right answer 7.7% 7% 9% 48%
Transcribed Image Text:A company has dividend yield of 27%, and asset turnover of 1.8 times per year. If the return on total assets was 14 percent, what was its profit margin? Please give the correct answer. This is a multile choice question so there is one right answer 7.7% 7% 9% 48%
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