You are analyzing AviCos financial statements for its most recent reporting period and have calculated...
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Accounting
You are analyzing AviCos financial statements for its most recent reporting period and have calculated return on assets to be 12.21% and return on equity to be 17.32%. You can conclude that
A. Each dollar AviCo invested in assets generated about 12 cents of profit. B. AviCos profit margin is about 17 cents on every dollar of revenue. C. For every dollar of sales revenue, Avico generated about 12 cents of profit. D. AviCo generated about 17 cents of profit per share of common stock.
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