Corry Inc. has a ROA of 5%, sales of $150, and total assets of $200. What is its profit margin? a. 3.00% b. 4.50% c. 5.50% d. 6.25% e. 7.00%

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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Corry Inc. has a ROA of 5%, sales of
$150, and total assets of $200. What
is its profit margin?
a. 3.00%
b. 4.50%
c. 5.50%
d. 6.25%
e. 7.00%
Transcribed Image Text:Corry Inc. has a ROA of 5%, sales of $150, and total assets of $200. What is its profit margin? a. 3.00% b. 4.50% c. 5.50% d. 6.25% e. 7.00%
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