Billy’s Crystal Stores Inc. has assets of $5,980,000 and turns over its assets 2.7 times per year. Return on assets is 7

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answerhappygod
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Billy’s Crystal Stores Inc. has assets of $5,980,000 and turns over its assets 2.7 times per year. Return on assets is 7

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Billy’s Crystal Stores Inc. has assets of $5,980,000 and turns
over its assets 2.7 times per year. Return on assets is 7
percent.

What is the firm’s profit margin (return on
sales)? (Do not round intermediate calculations. Input
your answer as a percent rounded to 2 decimal places.)
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