Jessicawilliams8176 Jessicawilliams8176

12-02-2020
Business

contestada

If the total asset turnover of a firm is 1.5, total assets are $500,000, and net income is $50,000, what is the profit margin?

Respuesta :

tutordamola tutordamola

12-02-2020

Answer:

The answer is 6.7%

Explanation:

To find profit margin we need to find net sales which was not given in the question.

Please refer to the attached for the solution.

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