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)?
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)?
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
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General accounting

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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