Last year Electric Autos had sales of $175 million and assets at the start of the year of $300 million. If its return on start-of-year assets was 15%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places) Operating profit margin
Last year Electric Autos had sales of $175 million and assets at the start of the year of $300 million. If its return on start-of-year assets was 15%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places) Operating profit margin
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Problem 4-24 Du Pont Analysis (LO4)
Last year Electric Autos had sales of $175 million and assets at the start of the year of $300 million. If its return on start-of-year assets
was 15%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to
2 decimal places)
Operating profit margin
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