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If Apex Solutions has an operating profit margin of 8% and a total asset turnover of 1.5 times, what is its operating return on assets (ROA)? A) 12% B) 6% C) 10%

If Apex Solutions has an operating profit margin of 8% and a total asset turnover of 1.5 times, what is its operating return on assets (ROA)? A) 12% B) 6% C) 10%

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...
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If Apex Solutions has an operating profit margin of 8% and a total asset turnover of 1.5 times, what is its operating return on assets (ROA)? A) 12% B) 6% C) 10%
Transcribed Image Text:If Apex Solutions has an operating profit margin of 8% and a total asset turnover of 1.5 times, what is its operating return on assets (ROA)? A) 12% B) 6% C) 10%
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