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Elizabeth Tailors Inc has assets of $8000000 and turns over its assets 25 times per year Return on assets is 95 percent What is the firms profit margin returns on sales

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)?

Apr 24 2020 View more View Less

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