PXG Co. has total assets of $8,600,000 and a total asset turnover of 2.36 times. Assume the return on assets is 10 perce

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

PXG Co. has total assets of $8,600,000 and a total asset turnover of 2.36 times. Assume the return on assets is 10 perce

Post by answerhappygod »

Pxg Co Has Total Assets Of 8 600 000 And A Total Asset Turnover Of 2 36 Times Assume The Return On Assets Is 10 Perce 1
Pxg Co Has Total Assets Of 8 600 000 And A Total Asset Turnover Of 2 36 Times Assume The Return On Assets Is 10 Perce 1 (61.6 KiB) Viewed 28 times
PXG Co. has total assets of $8,600,000 and a total asset turnover of 2.36 times. Assume the return on assets is 10 percent. What is the company's sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sales What is the company's net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income What is its profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin %
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply