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A company reports a ROA of 8%, sales of $150, and total assets of $200. Calculate the company's profit margin. a. 5.25% b. 8.00% c. 10.67% d. 12.50%

A company reports a ROA of 8%, sales of $150, and total assets of $200. Calculate the company's profit margin. a. 5.25% b. 8.00% c. 10.67% d. 12.50%

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.2MBA: Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on...
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A company reports a ROA of 8%, sales of $150, and total assets of $200. Calculate the company's profit margin. a. 5.25% b. 8.00% c. 10.67% d. 12.50%
Transcribed Image Text:A company reports a ROA of 8%, sales of $150, and total assets of $200. Calculate the company's profit margin. a. 5.25% b. 8.00% c. 10.67% d. 12.50%
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