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:

External Influences

Factors originating outside an individual that significantly affect their behaviors, decisions, and attitudes.

Implicit

Something implied or understood though not directly expressed.

Explicit

Something clearly and directly expressed or demonstrated, leaving no room for confusion or interpretation.

Physical Health

A state of well-being in which an individual is free from illness, injury, or pain, and can perform physical activities effectively.