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Select Co. had the following 2005 financial statement relationships: Asset turnover 5 Profit margin on sales 0.02 What was Select's 2005 percentage return on assets? a. 0.1% b. 0.4% c. 2.5% d. 10.0%

Select Co. had the following 2005 financial statement relationships: Asset turnover 5 Profit margin on sales 0.02 What was Select's 2005 percentage return on assets? a. 0.1% b. 0.4% c. 2.5% d. 10.0%

Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 7EP
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What was select's 2005 percentage return on assets?

Select Co. had the following 2005 financial statement relationships: Asset turnover 5 Profit margin on sales 0.02 What was Select's 2005 percentage return on assets? a. 0.1% b. 0.4% c. 2.5% d. 10.0%
Transcribed Image Text:Select Co. had the following 2005 financial statement relationships: Asset turnover 5 Profit margin on sales 0.02 What was Select's 2005 percentage return on assets? a. 0.1% b. 0.4% c. 2.5% d. 10.0%
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