The following information was drawn from the accounting records of Jones Company. Net sales $372,414 Net income

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The following information was drawn from the accounting records of Jones Company.

Net sales $372,414

Net income 54,000

Average total assets 530,000

Average total liabilities 320,000

Average total stockholders' equity 210,000

Based on this information, What is the company's net margin (also known as return on sales)?

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Introduction to Accounting An Integrated Approach

ISBN: 978-0078136603

6th edition

Authors: Penne Ainsworth, Dan Deines

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Posted Date: Mar 18, 2024 10:34 PM

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The following information was drawn from the accounting records of Jones Company. Net sales $372,414 Net income

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The net margin also known as the return on sales is calculated by dividing n... View the full answer

Introduction to Accounting An Integrated Approach

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