Wiggle Pools Has Total Equity of $358,200 and Net Income

question 37

Multiple Choice

Wiggle Pools has total equity of $358,200 and net income of $47,500.The debt-equity ratio is .68 and the total asset turnover is 1.2.What is the profit margin?

• A)4.82 percent
• B)5.23 percent
• C)5.67 percent
• D)6.58 percent
• E)7.31 percent

Recognize the impact of managerial behavior on employee energy and morale.

Comprehend the role of positive energy in organizational success and individual well-being.

Discuss the necessity of frequent feedback and affirmation, especially when managing Generation Y workers.

Understand the recommended practices for extending praise to employees.

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Definitions:

Earn

To receive payment in return for work or services provided, or to gain money or profit through investment or business activities.

Car Loan

A financial loan that consumers use specifically to buy a new or used car, typically secured against the car itself.

Interest Rate

The interest rate is the percentage of the loan amount that lenders charge borrowers as interest, usually represented as an annual percentage of the remaining loan balance.

Afford

The financial ability of an individual or organization to bear the cost of something without experiencing financial strain.