A company reported sales of $765,000 and net income of $31,000. The company also reported ending...

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A company reported sales of $765,000 and net income of $31,000. The company also reported ending total assets of $498,000 and beginning total assets of $391,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for the company. A company reported sales of $765,000 and net income of $31,000. The company also reported ending total assets of $498,000 and beginning total assets of $391,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for the company.

Answer rating: 100% (QA)

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