# Finance

posted by
**Todd**
.

A company has total assets of $8,500,000 and its total turnover of 2.35 times. If the return on assets is 9 percent, what is its profit margin? Please help with a formula?

posted by
**Todd**
.

A company has total assets of $8,500,000 and its total turnover of 2.35 times. If the return on assets is 9 percent, what is its profit margin? Please help with a formula?