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the timber ridge company has the following relationships sales/total assets= 2
the timber ridge company has the following relationships
sales/total assets= 2.97; ROA =0.1200
what is the timber ridge profit margin
Expert Solution
Asset Turnover Ratio = 2.97
ROA = 0.1200
the formula for calculating Net Profit Magin
ROA = Net Profit Margin*Asset Turnover Ratio
now we put the value in the formula
0.1200 = Net Profit Margin *2.97
Net Profit Margin = 0.1200/2.97
Net Profit Margin = 4.04%
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