A manufacturing company has an operating profit margin of 5.5% and a total asset turnover ratio of 2.0 times. Calculate the company's operating return on assets.
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- Determine a firm's total asset turnover if its net profit margin is 15%, and ROA is 15%.Briggs Company has operating income of $45,760, invested assets of $143,000, and sales of $457,600. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin % b. Investment turnover c. Return on investment %Briggs Company has operating income of $36,000, invested assets of $180,000, and sales of $720,000. Use the DuPont formula to compute the return on investment. a. Profit margin %b. Investment turnover c. Return on investment
- Bottlebrush Company has operating income of $49,749, invested assets of $309,000, and sales of $710,700. Use the DuPont formula to compute the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round answers to one decimal place. a. Profit margin % b. Investment turnover c. Return on investment %Give true answerNeed answer