The FGH Company Has an Asset Turnover of 3

question 41

Multiple Choice

The FGH Company has an asset turnover of 3.0 times,using assets of $45,000.The company also has a return on investment (ROI) of 20%.What was the company's operating profit margin?

• A)5.0%.
• B)6.0%.
• C)6.7%.
• D)8.3%.

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