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

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answerhappygod
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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

Post by answerhappygod »

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.)
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