A Company Had Net Income of $45,000, Net Sales of $390,000

question 141

Essay

A company had net income of $45,000, net sales of $390,000, and average total assets of $250,000 for the current year. Calculate the company's profit margin, total asset turnover, and return on total assets.

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Definitions:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, increasing the risk of heart, brain, kidney, and other diseases.

Hypotension

A condition characterized by blood pressure that is below the normal expected for an individual in a given environment.

Cardiac Veins

Veins that drain deoxygenated blood from the myocardium (heart muscle) into the right atrium.

Thymus

A small organ located in the upper chest, vital for the development of the body's immune system, especially in early life.