A Company Had Net Income of $45,000,net Sales of $390,000,and

question 52

Essay

A company had net income of $45,000,net sales of $390,000,and average total assets of $250,000 for the current year.Calculate this company's profit margin,total asset turnover,and return on total assets.

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Definitions:

Lorenz Curve

A graphical representation of income or wealth distribution within a society, indicating the degree of inequality.

Income Distribution

The way in which a nation’s total earnings are spread among its population, which can influence social and economic stability.

Country

A distinct territorial body or political entity recognized as an independent nation.

Tax-transfer Programs

Government initiatives that collect revenue through taxes to fund transfers of money to individuals or groups, often aimed at reducing poverty and inequality.