What profit margin is required for this general accounting question? A company wants to achieve a targetedROA of 14% with an asset turnover of 3.0.What profit margin is required?

ROA=Net income/Total assetsHence Net income=0.14 * Total assetsNow hereAsset turnover= Sales / Total…

Answered: A company wants to achieve a targeted…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 22MC: If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month,...

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A company wants to achieve a targeted ROA of 14% with an asset turnover of 3.0. What profit margin is required?