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This question was created from Acct 2102 fall 2013. Practice questions for Chapters 11–13 + Ethics https://www.coursehero.com/file/10934179/Acct-2102-fall-2013-Practice-questions-for-Chapters-1113-Ethics/

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12. If net operating assets (investment) are $100m, current assets are $20m, current
liabilities are $15m, asset turnover is 2.5, operating leverage is 0.8 and profit margin is
20%, how much is the ROI? Also, how much is the profit?

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To find revenue we should use. Asset t/o ratio=turnover/total assets Total assets are = investment... View the full answer

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