Answered: Net sales are 20 times as great as net…

Net sales are 20 times as great as net income. If the sales are turn over 3 times during the year, what is the rate of return on assets?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

ChapterCSR: Contents Of Student Resources

Section: Chapter Questions

Problem 7.35EP

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Net sales are 20 times as great as net income. If the sales are turn over 3 times during the year, what is the rate of return on assets?

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