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Title: The following comparison is presented for Pro Classic, Inc. to the industry averages:IndustryPro ... Post by: LiChan on Dec 13, 2016 The following comparison is presented for Pro Classic, Inc. to the industry averages:
Industry Pro Classic, Inc. Averages Return on assets 21.0% 10.2% Profit margin before income taxes 10.0% 6.0% Total asset turnover 3.5 2.6 Profit margin after income tax 6.7% 3.3% Return on equity after income taxes 23.4% 18.4% Return on equity before income taxes 18.3% 10.9% What conclusion can be drawn when comparing Pro Classic's profit margin after income tax to the industry average? A) Pro Classic is earning more after-tax income on its sales than the industry average. B) Pro Classic is earning more on its assets than the industry average. C) Pro Classic is using its assets more efficiently to generate sales than the industry average. D) Pro Classic's assets are contributing more to earnings than the industry average. Title: Re: The following comparison is presented for Pro Classic, Inc. to the industry averages:IndustryPro ... Post by: mourningbird on Dec 15, 2016 Content hidden
Title: Re: The following comparison is presented for Pro Classic, Inc. to the industry averages:IndustryPro ... Post by: LiChan on Jan 26, 2017 How do you know this stuff so well, wish I was as smart
Title: Re: The following comparison is presented for Pro Classic, Inc. to the industry averages:IndustryPro ... Post by: mourningbird on Feb 16, 2017 :)
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