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What new asset turnover along with profit margin

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Problem 1: Cheesy pineapple inc. has a total assets turnover of .40 and a proft margin of 10%. The president is unhappy with the current return on assets and though that it could be doubled. This could be accomplished by increasing the profit margin to 16% and increasing total assets turnover. What new asset turnover along with the 20% profit margin is required?

Reference no: EM132790747

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