Hugh Snore Bedding, Inc., has assets of $400,000 and turns over its assets 1.5 times per year. Return on assets is 12%. What is its profit margin (return on sales)?
Hugh Snore Bedding, Inc., has assets of $400,000 and turns over its assets 1.5 times per year. Return on assets is 12%. What is its profit margin (return on sales)?
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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Hugh snore bedding...Accounting
Transcribed Image Text:Hugh Snore Bedding, Inc., has assets of $400,000
and turns over its assets 1.5 times per year. Return
on assets is 12%.
What is its profit margin (return on sales)?
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