profitability ratio
2010-11-12 6:19 am
a company have a annual sales volume of 750,000. It will turn over its assets 2.5 times per year. The profit margin on sales will be 6 percent. What would net income and return on assets (investment ) be for the year?
回答 (1)
2010-11-12 7:13 am
✔ 最佳答案
sales = 750,000assets = 750,000/2.5 = 300,000
profits (i.e. net income) = 750,000 x 6% = 45,000
return on assets
= net income / assets x 100%
= 45,000 / 300,000 x 100%
= 15%
收錄日期: 2021-04-13 17:38:18
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