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O Moodle KIvy Software ion 2 Multiplying profit margin by asset turnover yields ered Select one: s out of a. Profit margin ra
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Answer:

We know that

Profit Margin = Net Profits (or Income) / Net Sales (or Revenue)

and

Asset Turnover ratio = Net Sales/ Total Assets

Multiplying both, yields

=> Net Profits/Assets

which is Return on Assets (ROA)

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