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An appliance store has total assets of $2,800,000, accounts receivable of $900,000, accounts payable of $700,000, inventory valued at $1,500,000, and total liabilities of $2,500,000. In 2016, its net sales were $2,100,000, and its operating profit margin equaled $42,000. Calculate the store's return on assets.
Volume Of Sales
The total number of goods or services sold within a specific time frame, measuring the output of a business' activities.
Break-even Point
The break-even point is the level of production or sales at which a business's total revenues equal its total expenses, resulting in no net profit or loss.
Break-even Point
The point at which total revenues equal total costs, and the business makes neither a profit nor a loss.
Margin Of Safety
The difference between actual or expected sales and the break-even point, indicating the amount by which sales can drop before losses begin.
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