Hello tutor solve this question is accounting A company had $7,000,000 in net income for the year.Its net sales were $11,200,000 for the same period.Calculate its profit margin.A. 17.5%.B. 28%.C. 62.5%.D. 160%.E. $18.2 million.

Step 1: Define Net Profit MarginThe net profit margin expresses the percentage of sales that have…

Answered: A company had $7,000,000 in net income…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?
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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
A company has a profit margin of 10% and reports net sales of $4,000,000 and average total assets of $5,000,000. Calculate the company’s return on assets. a. 12.5%.b. 8.0%.c. 4.5%.d. 5.0%.
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A company had $7,000,000 in net income for the year. Its net sales were $11,200,000 for the same period. Calculate its profit margin. A. 17.5%. B. 28%. C. 62.5%. D. 160%. E. $18.2 million.