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Question: [Accounting] [Return on assets] If a company's operating profit margin is 4% and its total asset turnover is 1.5 times, its operating return on assets is

Question: [Accounting] [Return on assets] If a company's operating profit margin is 4% and its total asset turnover is 1.5 times, its operating return on assets is

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.15E
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Question: [Accounting] [Return on assets] If a company's operating profit margin is 4% and its total asset turnover is 1.5 times, its operating return on assets is
Transcribed Image Text:Question: [Accounting] [Return on assets] If a company's operating profit margin is 4% and its total asset turnover is 1.5 times, its operating return on assets is
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