Author Question: If a retailer has a return on assets of 15 percent and a net profit margin of 3 percent, then its ... (Read 106 times)

mwit1967 · **on:** Jun 29, 2018

If a retailer has a return on assets of 15 percent and a net profit margin of 3 percent, then its rate of asset turnover is:
a. .20 times.
b. 5.0 times.
c. 15.0 times.
d. 30.0 times.
e. 60.0 times.

Question 2

Storing involves breaking down heterogeneous products into more homogenous groups.

Indicate whether the statement is true or false