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3 years ago

Alford Hardware had a profit margin of 12.7% and return on assets of 10.8% in 2022. What was their asset turnover?

Business

1 answer:

yarga [219]3 years ago

7 0

Answer: 0.85

Explanation:

Given the variables in the question, Asset Turnover is calculated by;

= Return on Assets / Profit Margin

= 10.8%/12.7%

= 0.85

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