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
Posted: Mon Mar 21, 2022 4:33 pm
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.)
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.)