Elizabeth Tailors Inc. has assets of $8,640,000 and turns over
its assets 2.3 times per year. Return on assets is 11.5
percent.
What is the firm’s profit margin (returns on
sales)? (Input your answer as a percent rounded to 2
decimal places.)
Elizabeth Tailors Inc. has assets of $8,640,000 and turns over its assets 2.3 times per year. Return on assets is 11.5 p
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Elizabeth Tailors Inc. has assets of $8,640,000 and turns over its assets 2.3 times per year. Return on assets is 11.5 p
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!