Last year Electric Autos had sales of $200 million and assets at the start of the year of $350 million. If its return on

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Last year Electric Autos had sales of $200 million and assets at the start of the year of $350 million. If its return on

Post by answerhappygod »

Last year Electric Autos had sales of $200 million and assets atthe start of the year of $350 million. If its return onstart-of-year assets was 20%, what was its operating profitmargin? (Do not round intermediate calculations. Enteryour answer as a percent rounded to 2 decimal places)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply