Unformatted text preview: that they sell. Although fewer goods may be sold here, at their higher prices the net profit margin may turn out to be a little higher than Wal-Mart. 8. Lowe’s asset turnover is equal to net sales divided by total assets, so Lowe’s asset turnover for 2005 was 1.72. Lowe’s net profit margin percentage is equal to net profit divided by net sales, so Lowe’s net profit margin percentage was 5.97%. Lowe’s return on assets is equal to net profit margin multiplied by asset turnover, so Lowe’s ROA was 10.3%. 9. *See Second Page...
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- Spring '08
- Profit margin, Generally Accepted Accounting Principles, Elementary arithmetic, Lowe