Dream Pillows Corp. has total assets of $300,000 and an asset turnover ratio of 2.0 times per year. If their return on assets is 15%, calculate their profit margin (return on sales).
Dream Pillows Corp. has total assets of $300,000 and an asset turnover ratio of 2.0 times per year. If their return on assets is 15%, calculate their profit margin (return on sales).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Dream Pillows Corp. has total assets of $300,000 and
an asset turnover ratio of 2.0 times per year. If their
return on assets is 15%, calculate their profit margin
(return on sales).
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