Practice: XYZ Company had a profit margin of 8.8% and total asset turnover of 0.77. What is XYZ’s Return on Assets?

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Ch. 1 - Introduction to Accounting | 1hr & 21mins | 0% complete | ||

Ch. 2 - Transaction Analysis | 1hr & 14mins | 0% complete | ||

Ch. 3 - Accrual Accounting Concepts | 2hrs & 38mins | 0% complete | ||

Ch. 4 - Merchandising Operations | 2hrs & 31mins | 0% complete | ||

Ch. 5 - Inventory | 1hr & 55mins | 0% complete | ||

Ch. 6 - Internal Controls and Reporting Cash | 1hr & 16mins | 0% complete | ||

Ch. 7 - Receivables and Investments | 3hrs & 17mins | 0% complete | ||

Ch. 8 - Long Lived Assets | 5hrs & 6mins | 0% complete | ||

Ch. 9 - Current Liabilities | 2hrs & 19mins | 0% complete | ||

Ch. 10 - Time Value of Money | 1hr & 27mins | 0% complete | ||

Ch. 11 - Long Term Liabilities | 2hrs & 45mins | 0% complete | ||

Ch. 12 - Stockholders' Equity | 2hrs & 15mins | 0% complete | ||

Ch. 13 - Statement of Cash Flows | 2hrs & 24mins | 0% complete | ||

Ch. 14 - Financial Statement Analysis | 5hrs & 27mins | 0% complete | ||

Ch. 15 - GAAP vs IFRS | 56mins | 0% complete |

Concept #1: Ratios: Profit Margin x Asset Turnover = Return On Assets

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Practice: XYZ Company had a profit margin of 8.8% and total asset turnover of 0.77. What is XYZ’s Return on Assets?

Practice: A company had a profit margin of 6.1%. The company’s net sales were $3,600,000 and Cost of Goods Sold was $600,000. If total assets were $3,450,000 at the beginning of the year and $4,210,000 at the end of the year, what is the company’s return on assets?

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Concept #1: Ratios: Profit Margin x Asset Turnover = Return ...

Practice #1: Profit Margin x Asset Turnover = Return On Assets

Practice #2: Profit Margin x Asset Turnover = Return On Assets

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