cross hairs gun shop has sales of $12,189,000, a profit margin of 2.8 percent, and a...

Question

Question

cross hairs gun shop has sales of $12,189,000, a profit margin of 2.8 percent, and a capital intensity ratio of 0.49. what is the return on assets?

business finance

Answer 1

Answer #1

Return on assets = (0.028 × $12,189,000)/(0.49 × $12,189,000)

Return on assets = 5.71 percent

Answer 2

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