Assuming the firms operating profit margin remains

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Reference no: EM13805567

The R.M Smithers Corporation earned an operating profit margin of 11.2 percent based on sales of 10.5 million and total assets of 4.8 million last year

a. What was Smithers' operating return last year?(In Percent)

b. Assuming the firm's operating profit margin remains the same, what will the operating return on assets be next year if the total asset turnover goal is achieved? (In percent)

Reference no: EM13805567

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