The return on capital employed for ETC plc is 22% and the net asset turnover ratio is 4 times.
what is the operating profit margin?
i got 88%. but my answer is wrong.can i know the correct answer please?
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ratios
11y ago#1ROCE = asset turnover x profit margin
So......22% = 4 x profit margin
Profit margin = 22%/4 = 5.5%
k.thanks
11y ago#3You are welcome :-)
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