The balance sheet of ATLF, Inc. reports total assets of $950,000 and $1,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $100,000 and $800,000, respectively. What is ATLF's profit margin?   Select one: a. 8% b. 15% c. 10% d. 80% e. 12.5%

Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…

A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000

Q: Damietta Furniture Corporation has a net profit margin of 15% and a total asset turnover of 1.7.…

A: Return on assets (ROA) or Return on total assets is one of the profitability ratios which is used to…

Q: The following information is given to you relating to the operations of PrincehallCorporation: The…

A: The question is related to Income Statement. The details are given regarding the same. We will start…

Q: The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales Net…

A: The Minimum required rate of return indicates the percentage of return on investment expected to be…

Q: Martinez Corporation reported net sales of $772,000, net income of $135,000, and total assets of…

A: Profit margin= Net income/net Sales *100

Q: The following information are available for Showan Inc: Operating Profit Margin 21%, taxes of 35%,…

A: Operating profit margin ratio = 21% Tax rate = 35% Interest expenses = 120,000 Sales = 3,527,000…

Q: answers to one decimal place. Enter all amounts as positive numbers. B. Comment on the significant…

A: Income statement contains the information of sales, cost of goods, operating expenses , depreciation…

Q: During the current year, Sokowski Manufacturing earned income of $446,500 from total sales of…

A: Please find the answer to the above question below:

Q: The income statement, statement of retained earnings, and balance sheet for Somerville Company are…

A: Introduction: Return on sales : Division of Net sales with Net income derives the Return on sales.

Q: 10. Kragle Corporation reported the following financial data for one of its divisions for the year;…

A: Ratio analysis is a technique of analysis of the financial statements by computing various ratios.…

Q: The Timber Ridge Company has the following relationships: Sales/Total assets = 2.46; ROA = 0.1080…

A: SalesTotal Assets = 2.46 ROA = 0.1080 Net profit Margin = Net IncomeSales

Q: Martinez Corporation reported net sales of $765,000, net income of $141,525, and total assets of…

A: The ratio of the net income to the net sales is known as the profit margin. Profit margin = Net…

Q: Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Need answer

A: Step 1:Introduction to the Gross Profit PercentThe gross profit percentage can be explained as the…

Q: Bustamante Company has income from operations of $24,480, invested assets of $85,000, and sales of…

A: Profit margin =  income from operations  / Sales Investment turnover = Sales / invested assets…

Q: During the current year, Sokowski Manufacturing earned income of $786,500 from total sales of…

A: Please find the answer to the above question below:

Q: Briggs Company has operating income of $45,760, invested assets of $143,000, and sales of $457,600.…

A: Return on investment helps in measuring the efficiency of the amount invested in a particular…

Q: X-1 Corp's total assets at the end of last year were $495,000 and its EBIT was $52,500. What was its…

A: In this question, we are required to determine the Basic Earning Power (BEP) ratio.

Q: In a recent year’s financial statements, Home Depot reported the following results. Compute and…

A: Given Data (in billion): Net Income = $8 Sales = $95 Average Total Assets = $42

Q: During the current year, Sokowski Manufacturing earned income of $422,100 from total sales of…

A: Sales margin is the amount that is generated by the sale of product or services. It is calculated by…

Q: Rappaport Corp.'s sales last year were $375,000, and its net income after taxes was $23,000. What…

A: Profit margin on sales is ratio of net profit on sales that is as follows: As per formula Profit…

Q: During the current year, Sokowski Manufacturing earned income of $320,000 from total sales of…

A: Sales margin is one of profitability ratio being used in business. This shows how much net income…

Q: Gibson Corporation's balance sheet indicates that the company has $580,000 invested in operating…

A: Hi studentSince there are multiple subparts asked, we will answer only first three subparts.Return…

Q: Marino Company has provided the following information: Net sales, $480,000 Net income, $24,000…

A: NET INCOME MARGIN Net Income Margin is the Ratio between Net Income During the Year & Net…

Q: Use the following information to answer question 4-5. Operating data of Peter Company for last year…

A: 4. Turnover  = sales / Average operating assets            1.5 = $900,000 / Average operating assets…

Q: Use the information provided below to answer the question. The ratios are for last year, for ABC Inc…

A: Return on Equity=Net incomeShareholders equity

Q: Chambliss Corp.'s total assets at the end of last year were $265,000 and its EBIT was 62,500. What…

A: Here, Total Assets is $265,000 EBIT is $62,500

Q: The income statements for Finac Company for the two years are as follows: Year 2 Year 1 Sales…

A: Common size income statements means where sale is taken as 100 percent of every year and all other…

Q: During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of…

A: Formulas: Asset turnover: =Sales / Average capital assets ROI: =Margin * Asset Turnover

Q: Briggs Company has income from operations of $24,255, invested assets of $99,000, and sales of…

A: Return on investment is the amount of return earned from the investment.

Q: Assume that a firm has sales of $11,700,000, total assets of $4,500,000, total common equity of…

A: DuPont equation is an important equation for computing ROE in finance. This equation breaks down ROE…

Q: Largo Company recorded for the past year sales of $414,400 and average operating assets of $259,000.…

A: Answer) Calculation of Margin needed to earn Target Net Operating Income Desired Margin = Net…

Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…

A: Calculation of Asset Turnover Ratio Asset Turnover ratio = Net Sales/ Average Total Assets…

Q: Assume Martinez Company has the following reported amounts: Sales revenue $ 610,000, Sales returns…

A: a. Net sales = sales revenue - sales return and allowance = $610000 - 30000 = $580,000

Q: Sheridan Corporation had sales of $3007000 and operating income of $511137. Sheridan also had…

A: The question is related to Ratio Analysis. The Return on Investment is calculated with the help of…

Q: to compute the return on investment, and show (a) the profit margin, (b) the investment turnover,…

A: Answer : Operating income = $58,328 Invested assets = $317,000 Sales = $729,100   a) Profit margin…