Dimeback co has total assets of 8700000 and a total asset, Ask an Expert

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Dimeback Co. has total assets of $8,700,000 and a total asset turnover of 2.37 times. Assume the return on assets is 11 percent.

What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Profit margin %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790644

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