Nova Manufacturing had the following 2022 financial statement relationships: Metric Asset Turnover Value 4 Profit Margin on Sales 0.03 What was Nova Manufacturing's percentage return on assets (ROA) in 2022? a) 0.12% b) 1.2% c) 3.0% d) 12.0%
Nova Manufacturing had the following 2022 financial statement relationships: Metric Asset Turnover Value 4 Profit Margin on Sales 0.03 What was Nova Manufacturing's percentage return on assets (ROA) in 2022? a) 0.12% b) 1.2% c) 3.0% d) 12.0%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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