Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries:
If Florida holds its other ratios constant in 2010, but increases its profit margin to 36%, what will be the 2010 return on assets?
a. 5%
b. 78%
c. 61%
d. 51%

Question

Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries:
  If Florida holds its other ratios constant in 2010, but increases its profit margin to 36%, what will be the 2010 return on assets? 
a. 5%
b. 78%
c. 61%
d. 51%

Quizplus · Accepted Answer

The Answer of Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries:
  If Florida holds its other ratios constant in 2010, but increases its profit margin to 36%, what will be the 2010 return on assets? 
a. 5%
b. 78%
c. 61%
d. 51%

Assume That the Following Financial Ratios Were Computed from the 2009