The Records of Milwaukee Sprinkler Systems Report Net Sales of $500,000,net

question 123

Multiple Choice

The records of Milwaukee Sprinkler Systems report net sales of $500,000,net income of $150,000 and average total assets of $330,000.Using DuPont analysis,calculate the two ratios used for return on assets.

• A)Net profit margin ratio is 29% and Total asset turnover is 1.52.
• B)Net profit margin ratio is 30% and Total asset turnover is 1.52.
• C)Net profit margin ratio is 28% and Total asset turnover is 1.55.
• D)Net profit margin ratio is 27% and Total asset turnover is 1.52.

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