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If Sunrise Electronics has an operating profit margin of 5% and a total asset turnover of 2 times, what is its operating return on assets (ROA)? A) 10% B) 5% C) 7%

If Sunrise Electronics has an operating profit margin of 5% and a total asset turnover of 2 times, what is its operating return on assets (ROA)? A) 10% B) 5% C) 7%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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What is it's operating return on assets for this financial accounting question?

If Sunrise Electronics has an operating profit margin of 5% and a total asset turnover of 2 times, what is its operating return on assets (ROA)? A) 10% B) 5% C) 7%
Transcribed Image Text:If Sunrise Electronics has an operating profit margin of 5% and a total asset turnover of 2 times, what is its operating return on assets (ROA)? A) 10% B) 5% C) 7%
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