Breaktown Company Had Net Income of $152,000 and Net Sales

question 212

Essay

Breaktown Company had net income of $152,000 and net sales of $625,000 in 2014. The company's total assets for 2013/2014 averaged $4,000,000. Its ordinary shareholders' equity for the period averaged $2,340,000. Calculate (a) profit margin, (b) return on assets, and (c) return on ordinary shareholders' equity.

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Definitions:

Manufacture

The process of making products on a large scale using machinery in factories.

Masculinity-Femininity

A cultural dimension that explores the distribution of roles between genders within a society, often used in cross-cultural research.

Hofstede's Dimension

A framework for understanding cultural differences across countries, proposed by Geert Hofstede, that identifies six dimensions of national culture.

Assertiveness

The quality of being self-assured and confident without being aggressive, useful in communication to express needs and desires openly.