General accounting Sweet Dreams Mattress Co. has assets of $750,000 andturns over its assets 2 times per year. Return on assets is15%. What is its profit margin (return on sales)?

simple bro as we know Profit margin = Net income / Sales Now we need to find Sales = Assets * Total…

Answered: Sweet Dreams Mattress Co. has assets of…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P

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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)?