Problem:
Billy’s Chrystal Stores, Inc., has assets of $5,000,000 and turns over its assets 1.2 times per year. Return on assets is 8 percent. What is the firm’s profit margin (return on sales)?
your answer must be, typed, double-spaced, Lucida Handwriting (size 12), one-inch margins on all sides, APA format and also include references.Write step by step solutions for the above question.