Solve with explanation and accounting question Alpine Corporation earned a return on assets of 12% for the current year. Itsasset turnover is 2.0 and its return on equity is 15%. Calculate Alpine's profitmargin.a. 4.0%b. 6.0%c. 7.5%d. 9.0%

Step 1: Detailed Explanation of (Profit Margin)Profit Margin is a profitability ratio that indicates…

Answered: Alpine Corporation earned a return on…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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A return on assets of 5.15% means that a company is earning: a.a $5.15 return on every $100 invested in long-term assets. b.a $5.15 return on every $100 of total assets. c.a $5.15 return on every $100 of assets minus liabilities. d.a $5.15 return on every $100 of current assets.
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What is the return of assets
Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%
A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.

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Alpine Corporation earned a return on assets of 12% for the current year. Its asset turnover is 2.0 and its return on equity is 15%. Calculate Alpine's profit margin. a. 4.0% b. 6.0% c. 7.5% d. 9.0%