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Billys Chrystal Stores Inc has assets of $5000000 and turns over its assets 12 times per year Return on assets is 8 percent What is the firms profit margin return on sales

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)?

Apr 24 2020 View more View Less

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