Additional Practice |
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Ratios Cumulative Problems |

Concept #1: Ratios: Profit Margin x Asset Turnover = Return On Assets

Practice: XYZ Company had a profit margin of 8.8% and total asset turnover of 0.77. What is XYZ’s Return on Assets?

Practice: A company had a profit margin of 6.1%. The company’s net sales were $3,600,000 and Cost of Goods Sold was $600,000. If total assets were $3,450,000 at the beginning of the year and $4,210,000 at the end of the year, what is the company’s return on assets?

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Concept #1: Ratios: Profit Margin x Asset Turnover = Return ...

Practice #1: Profit Margin x Asset Turnover = Return On Assets

Practice #2: Profit Margin x Asset Turnover = Return On Assets

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