Jessicawilliams8176 Jessicawilliams8176

12-02-2020
Business

contestada

If the total asset turnover of a firm is 1.5, total assets are $500,000, and net income is $50,000, what is the profit margin?

Respuesta :

tutordamola tutordamola

12-02-2020

Answer:

The answer is 6.7%

Explanation:

To find profit margin we need to find net sales which was not given in the question.

Please refer to the attached for the solution.

Ver imagen tutordamola

Answer Link

Otras preguntas

what did the England want from Asia

The force of ________ is the force at which the earth attracts another object towards itself. A. inertia B. friction C. gravity D. momentum

What is the slope of the line? y = 2x - 7 slope = _____

When World War I began, the official United States policy was (Points : 1) to enter on the side of the Allied Powers to enter on the side of the Central Powers

How do you find a Mark-up or Mark-Down for retail prices? For example; Original price; $279.99, Mark-down: 75%. And can someone please show how its done? Thanks

Which legislation gave the government the authority to set and limit shipping costs? a. the Elkins Act c. the Mann-Elkins Act b. the Hepburn Act d. the Payne-Al

Three students collected more than $93 washing cars. They used $15 to reimburse their parents for cleaning supplies. Then they divided the remaining money equa

Muscles that produce movement in a single direction are

Why did armor need to be heavy?

the price with tip is $46 and the percent tip is 15% what is the total bill before the tip