McCourty Enterprises Has a Return on Assets of 7

question 127

Multiple Choice

McCourty Enterprises has a return on assets of 7%. If it has $2.5 million in total assets and a total asset turnover of 1.5, it follows that the firm must have a net profit margin of

• A) 10.5%.
• B) 6.3%.
• C) 5.4%.
• D) 4.67%.

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Kerlinger and Lee

Authors known for their contributions to social sciences research methodology, particularly in the field of behavioral studies.

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