Chapter 10 E11-24

Chapter 10 E11-24 - return on assets computed for Eastman...

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EXERCISE 11-24 (a) Asset turnover ratio: $10,301 = .736 times $13,659 + $14,320 2 (b) Rate of return on assets: $676 = 4.83% $13,659 + $14,320 2 (c) Profit margin on sales: $676 = 6.56% $10,301 (d) The asset turnover ratio times the profit margin on sales provides the rate of
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Unformatted text preview: return on assets computed for Eastman Kodak as follows: Profit margin on sales X Asset Turnover Return on Assets 6.56% X .736 = 4.83% Note the answer 4.83% is the same as the rate of return on assets computed in (b) above....
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This note was uploaded on 10/31/2010 for the course FIN 82571 taught by Professor Sharp during the Fall '10 term at CSU Sacramento.

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Chapter 10 E11-24 - return on assets computed for Eastman...

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