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the afterlife has sales of 428,300 total assets of 389,100 and a profit margin of 7.2 percent what is the return on assets
Solution: Sales = 428300 Total Assets = 389100 Asset Turnover = Sales/Total Assets = 428300/389100 = 1.10 Profit…

gin = 7.2% Return on Asset = Profit Margin*Asset Turnover = 7.2%*1.10 = 7.925%

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