Answered: The Timber Ridge Company has the…

The Timber Ridge Company has the following relationships: Sales/Total assets = 2.46; ROA = 0.1080 What is Timber Ridge’s net profit margin? Round to 3 decimal places.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Question

The Timber Ridge Company has the following relationships:

Sales/Total assets = 2.46; ROA = 0.1080

What is Timber Ridge’s net profit margin? Round to 3 decimal places.

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