Chapter 4-9 In 2014 Electric Autos had sales of $140 million and assets at the s

Question

Chapter 4-9

In 2014 Electric Autos had sales of $140 million and assets at the start of the year of $230 million. If its return on start-of-year assets was 20%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

In 2014 Electric Autos had sales of $140 million and assets at the start of the year of $230 million. If its return on start-of-year assets was 20%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Explanation / Answer

Operating profit margin= (230*20%)/140= 0.328571=32.86%

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