What is its profit margin? General accounting Hugh Snore Bedding, Inc., has assets of $400,000and turns over its assets 1.5 times per year. Returnon assets is 12%.What is its profit margin (return on sales)?

Step 1: Definition of Net Profit MarginThe net profit margin is a financial ratio that shows the…

Answered: Hugh Snore Bedding, Inc., has assets of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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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
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TR's has annual sales of $612,200, total debt of $153,000, total equity of $354,000, and a profit margin of 6.78 percent. What is the return on assets? ANSWER

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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)?