The Southern Division of Knucklehead Company Has a Rate of Return

question 60

Multiple Choice

The Southern Division of Knucklehead Company has a rate of return on investment of 15% and an investment turnover of 1.2.What is the profit margin?

• A) 1.5%
• B) 12.5%
• C) 0.67%
• D) 6.67%

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