Determine what is the profit margin of total asset turnover

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Reference no: EM13327780

The Cocona Co. has total equity of $639,400 and net income of $51,700. The debt-equity ratio is .55 and the total asset turnover is 1.5. What is the profit margin?

Reference no: EM13327780

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Determine what is the profit margin of total asset turnover : The Cocona Co. has total equity of $639,400 and net income of $51,700. The debt-equity ratio is .55 and the total asset turnover is 1.5. What is the profit margin

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