Q298
If profit margin = 4.5% and total assets turnover = 1.8% then return on assets DuPont equation would be
A.
2.50%
B.
8.10%
AnswerC.
0.40%
D.
4.00%
Answer: Option B
Solution
Answer: Option B
Solution:
Return on assets = Total assets turnover × Profit margin = 1.8% × 4.5% = 8.10%