Sweet Dreams Mattress Co. has assets of $750,000 and turns over its assets 2 times per year. Return on assets is 15%. What is its profit margin (return on sales)?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
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What is its profit margin

Sweet Dreams Mattress Co. has assets of $750,000 and
turns over its assets 2 times per year. Return on assets is
15%. What is its profit margin (return on sales)?
Transcribed Image Text:Sweet Dreams Mattress Co. has assets of $750,000 and turns over its assets 2 times per year. Return on assets is 15%. What is its profit margin (return on sales)?
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