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Assume That the Following Financial Ratios Were Computed from the 2009

Question 54

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Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries:
Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries: If Florida holds its other ratios constant in 2010, but increases its profit margin to 36%, what will be the 2010 return on assets? a. 5% b. 78% c. 61% d. 51% If Florida holds its other ratios constant in 2010, but increases its profit margin to 36%, what will be the 2010 return on assets?
a. 5%
b. 78%
c. 61%
d. 51%

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