If Lynx Corporation's operating profit margin is 5% and its total asset turnover is 1.2 times, what is its operating return on assets?
If Lynx Corporation's operating profit margin is 5% and its total asset turnover is 1.2 times, what is its operating return on assets?
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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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Transcribed Image Text:If Lynx Corporation's operating
profit margin is 5% and its total
asset turnover is 1.2 times, what is
its operating return on assets?
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