Question:
Elizabeth Tailors, Inc., has assets of $8,000,000 and turns over its assets 2.5 times per year. Return on assets is 9.5 percent. What is the firm’s profit margin (returns on sales)?
Your answer must be, typed, double-spaced, Century Schoolbook (size 14), one-inch margins on all sides, APA format and also include references.Write step by step solutions for the above question.