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
Posted: Mon Mar 21, 2022 4:18 pm
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.)
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.)