Last year Electric Autos had sales of $190 million and assets at the start of the year of $330 million. If its return on start-of-year assets was 15%, what was its operating profit margin

2.61%

Explanation:

The first step is to calculate the operating income

= ROE × assets

= 15/100 × $330,000,000

= 0.15 × $330,000,000

= $49,500,000

Therefore the operating profit margin can be calculated as follows

= operating income/sales

= $49,500,000/190,000,000

= 0.2605 × 100

= 2.61 %

answer; drop shippers;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.