PXG Co. has total assets of $9,100,000 and a total asset turnover of 2.41 times. Assume...

Question

Question

PXG Co. has total assets of $9,100,000 and a total asset turnover of 2.41 times. Assume the return on assets is 11 percent.

What is the profit margin?

Answer 1

Answer #1

Ans 4.56%

PXG Co. has total assets of $9,100,000 and a total asset turnover of 2.41 times. Assume the return on assets is 11 percent the profit margin is 4.56%

ASSETS TURNOVER = 2.41 = Net Sales = Net Sales = NET SALES / AVERAGE TOTAL ASSETS NET SALES / 9100000 2.41 * 9100000 21931000

Answer 2

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