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 Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter7: Introduction To Financial Statement Analysis
Section: Chapter Questions
Problem 14E
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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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