What is the firms profit margin
Problem:
Profitability ratios Billys 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 firms profit margin (return on sales)?
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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 firms profit margin (return on sales)?
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