Problemcross hairs gun shop has sales of 189000 a profit, Ask an Expert

Accounting

Problem:

Cross Hairs Gun Shop has sales of $189,000, a profit margin of 4.8 percent, and a capital intensity ratio of 0.79.

Required:

Question: What is the return on assets?

5.67 percent
6.08 percent
6.39 percent
6.42 percent
6.67 percent

Note: Please show guided help with steps and answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168355

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