A company had a profit margin of 10.5% and total asset turnover of 1.84. Its return on total assets was:
A) 5.71%
B) 8.66%
C) 12.34%
D) 13.61%
E) 19.32%

Name: A company had a profit margin of 10.5% and total asset turnover of 1.84. Its return on total assets was: A) 5.71% B) 8.66% C) 12.34% D) 13.61% E) 19.32%
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

The Answer of A company had a profit margin of 10.5% and total asset turnover of 1.84. Its return on total assets was:
A) 5.71%
B) 8.66%
C) 12.34%
D) 13.61%
E) 19.32%

A Company Had a Profit Margin of 10