1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anuta_ua [19.1K]
3 years ago
15

In 2014 Electric Autos had sales of $135 million and assets at the start of the year of $220 million. If its return on start-of-

year assets was 10%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Business
1 answer:
alexandr1967 [171]3 years ago
8 0

Answer:

Return on assets(ROA)   = Operating profit /Assets x 100

            10                        = Operating profit /$220m x 100

            10 x $220m        = 100 x operating profit

             $2,200m           = 100 x operating profit

Operating profit              = $2.200m/100

Operating profit              = $22m

Operating profit margin = Operating profit/Sales x 100

                                        = $22/$135 x 100

                                        = 16.30%

Explanation:

In this question, we need to calculate the operating profit using return on asset formula as shown above. Operating profit becomes the subject of the formula. Then, we will calculate operating profit margin by dividing the operating profit by sales multiplied by 100.

You might be interested in
If you spend 8.50 for lunch on Monday 3.95 on Tuesday and 11.15 on Friday how much have you spent for lunch this week
ELEN [110]
You just add up all the numbers and you get the answer which is 23.60
5 0
3 years ago
Read 2 more answers
Which of these increases the price of certain foreign-made goods?
nexus9112 [7]

An import tariff would increase the price of certain foreign-made goods.

7 0
3 years ago
Read 2 more answers
isabella takes $100 of currency from her wallet and deposits it into her checking account. if the bank adds the entire $100 to r
Tresset [83]
Isabella takes $100 of currency from her wallet and deposits it into her checking account. If the banks add the entire $100 to reserves, the money supply increases, but if the bank lends out some of the $100, the money supply decreases.
3 0
2 years ago
Mike worked for Frank's Pizza as a driver and was an agent. His duties consisted of making deliveries along a designated route.
Harrizon [31]

Answer:

B. is not liable because Mike was on a frolic of his own.

Explanation:

Mike who is a dispatch rider, decided to see his girlfriend, Jackie, who lived 50 miles off his pizza route. He had an accident while driving to his girlfriend's, and injured a pedestrian, Chuck due to his negligent driving.

Under the circumstances, Frank's Pizza isn't liable because Mike was on a frolic of his own. Mike embarking on a 50 mile drive to see his girlfriend is frolicsome and outside the scope of his employment as a delivery agent.

Hence, this will absolve his employer from any liability as he wasn't working on the designated route at the time.

8 0
3 years ago
Which of the following tasks is likely to be done by the HR department?
Blizzard [7]
I believe the answer is D. Hiring employees.
Hope that helped.
6 0
4 years ago
Read 2 more answers
Other questions:
  • NAME ONE ORGANIZATION THAT CAN HELP A NEW ENTREPRENEUR WITH FUNDING AND SKILL DEVELOPMENT SOUTH AFRICA
    15·1 answer
  • Assets for a particular business might include: A) cash, accounts payable, and notes payable. B) cash, retained earnings, and ac
    14·1 answer
  • BeFriends Corporation uses the trademark of Community Life Inc., a social media site, as a meta tag without Community Life’s per
    8·2 answers
  • You are considering investing in one of several mutual funds. All the funds under consideration have various combinations of fro
    9·1 answer
  • How could the federal reserve system help guard the u.s. economy against economic instability
    5·1 answer
  • Role of risk committee and their members
    12·1 answer
  • What is the main reason why empathy is important for communication?
    10·1 answer
  • ASAP!! Discuss Maslow’s Hierarchy of Needs Theory. In your opinion, is it a good motivator for employees to
    8·1 answer
  • What increases your total loan balance interest accrual or interest capitalization?
    5·1 answer
  • On December 31, 2017, Turnball Associates owned the following securities, held as a long-term investment.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!