What is the return on assets for given profit margin


Nagel, Inc. has sales of $330,600, total assets of $252,100, and aprofit margin of 7.5 percent. What is the return on assets?

a. 5.72 percent
b. 6.10 percent
c. 7.63 percent
d. 8.34 percent
e. 9.84 percent

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Finance Basics: What is the return on assets for given profit margin
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