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Corry Inc. has a ROA of 5%, sales of $150, and total assets of $200. What is its profit margin?

Corry Inc. has a ROA of 5%, sales of $150, and total assets of $200. What is its profit margin?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Corry Inc. has a ROA of 5%, sales of $150, and total assets of $200. What is its profit margin?
Transcribed Image Text:Corry Inc. has a ROA of 5%, sales of $150, and total assets of $200. What is its profit margin?
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