Waldale Pools Has Total Equity of $289,100 and Net Income

question 98

Multiple Choice

Waldale Pools has total equity of $289,100 and net income of $64,500.The debt-equity ratio is 0.55 and the total asset turnover is 1.6.What is the profit margin?

• A)3.10 percent
• B)5.23 percent
• C)5.67 percent
• D)9.00 percent
• E)22.31 percent

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Definitions:

Conversation Partner

An individual engaged in dialog or communication with another, contributing to the exchange of ideas, thoughts, or feelings through verbal or non-verbal means.

Concise

Expressing much in few words, being brief and to the point.

Disconfirming Response

Statement that causes another person to value himself or herself less.

Tangential Response

A reply in conversation that deviates from the main topic or question, often indirectly addressing the subject.