Sweet Dreams Mattress Co. has assets of $750,000 and turns over its assets 2 times per year. Return on assets is 15%. What is its profit margin (return on sales)?
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- Elizabeth Tailors Inc. has assets of $8,540,000 and turns over its assets 1.8 times per year. Return on assets is 16.5 percent. What is the firm's profit margin (returns on sales)? (Input your answer as a percent rounded to 2 decimal places.) Profit margin %6General accountingHugh snore bedding...Accounting