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What is the actual return on assets

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Question - Bulldogs Inc. has a budgeted gross profit of P2,450,000. The firm also determined that its gross profit margin is 50% and its return on sales is 20%. If the Bulldogs Inc. has a unfavorable total gross profit variance of 600,000 and total assets of P5,920,000, what is the actual return on assets?

Reference no: EM133110291

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