Brown Company Has Net Income of $125,000

question 296

True/False

Brown Company has net income of $125,000.Its net sales were $1,739,000 and its average total assets were $2,750,000.Its profit margin was 7.2%.

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Definitions:

Decade

A period of ten years.

Effective Annual

Referring to an interest rate or return on investment that accounts for the effects of compounding over a year.

Rate of Sales Growth

The increase in sales over a specific period of time, typically measured as a percentage.

Per Month

A term indicating a frequency or rate that applies to each month.