Multiple Choice
The Gallop Company has an asset turnover of 3.0 times, using assets of $45,000. The company also has a return on investment (ROI) of 20%. What was Gallop's operating profit margin?
A) 5.0%.
B) 6.0%.
C) 6.7%.
D) 8.3%.
Correct Answer:
Verified
Correct Answer:
Verified
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