Selected data from the Florida Fruit Company are presented below: Total assets Average total assets Net income Net sales Average common stockholders' equity Net cash provided by operating activities (a) $1,500,000 1,850,000 Profit margin 175,000 1,300,000 1,000,000 Assuming that no dividends were declared or paid during the period. 275,000 Calculate the profit margin. (Round answer to 1 decimal place, e.g. 15.2%.) %

calculate asset turnover

Selected data from the Florida Fruit Company are presented below: Assuming that no dividends were declared or paid during the period. a) Calculate the profit margin. (Round answer to 1 decimal place, e.g. 15.2%. Profit margin %