Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a company has a dividend yield of 3% and asset tur

A company has a dividend yield of 3% and asset turnover of 2.6 times per...

90.2K

Verified Solution

Question

Finance

image
A company has a dividend yield of 3% and asset turnover of 2.6 times per year. If the return on total assets was 11.2 percent, what was its profit margin? O 6% O 5.5% 0 3.73% O 4.3%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

From a group of 7 people you randomly select 2 of them What is the...

Algebra
1.2K views

Which ordered pair corresponds to the y-intercept of the functionF(x)=-12x/13+15?HINT: what is the y intercept,...

Accounting
1.2K views

equal to a 20% return on invested assets of $602,000. \table[[Fixed...

Accounting
1.2K views

Montel Company's July sales budget shows sales of $640,000. The company budgets beginning merchandise inventory...

Accounting
1.2K views

Little Apple Company acquired patent rights on January 1, 2017 for $750,000. The patent has...

Accounting
1.2K views

Gibson Insurance Company Rebecca Hampton, the controller for Gibson Insurance Company, faced a challenging task...

Accounting
1.2K views

Maria Lorenzi owns an ice cream stand she operates during the summer months in West...

Accounting
1.2K views

income summary sunshine cleaning service Account Income Summary...

Accounting
1.2K views

JAson o. is considering a three-year project with annual operational cash inflows of $42,790 (net,...

Accounting
1.2K views

Use the financial statements of Heifer Sports Inc. to find the information below for Heifer....

Finance
1.2K views

Question 30 1 points Sare At the end of 2020, Harrison retired after 30 years...

Finance
1.2K views

please note: i always upvote quality answers. please fill in the blanks with approriate answers...