Multiple Choice
By how much must a firm reduce its assets in order to improve ROA from 10% to 12% if the firm's operating profit margin is 5% on sales of $4 million? Assume that the reduction in assets has no effect on sales or profit margin
A) $240,000
B) $333,333
C) $400,000
D) $516,167
Correct Answer:
Verified
Correct Answer:
Verified
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