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What was the company profit margin ratio

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Question - The following ratios were computed from BBM Saranghe Apparel Company's Financial Statements for 2021: Return on asset - 24%; Asset turnover - 1.6 times. What was the company's profit margin ratio?

a. 38.4%

b. 6%

c. 15%

d. 24%

Reference no: EM133118069

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