Duratech Inc. has total assets of $7,500,000 and a total asset turnover of 1.75 times. Assume the return on assets is 8.4%. What is the profit margin?
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- Doverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the return on assets is 10.5%. What is the profit margin? answer this questionDoverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the return on assets is 10.5%. What is the profit margin? Right AnswerAns.