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Last year, Duff Company had sales of $7,442 million. If Duffs net profit margin was 4.3 percent and its return on assets was

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Answer #1

Net profit margin=Net income/Sales

Net income=(7442*4.3%)=$320.006 million

ROA=Net income/Total assets

Total assets=(320.006/0.037)

=$8649 million(Approx).

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