Homework Help: Math - Financial Analysis

Posted by swischeese on Sunday, January 14, 2007 at 9:06pm.

How do I determine the profit margin (return of sales)? Billy's Chrystal Stores, Inc. has assets of $5,000,000 and turns over its assets 1.2 times per year. Return on assets is 8 percent. What is the firm's profit margin?

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