Solved

A Company Had a Profit Margin of 8

Question 33

Multiple Choice

A company had a profit margin of 8%.If net income equaled $40,000 and average total assets equaled $332,500,how much were net sales?

A) $3,200
B) $500,000
C) $26,600
D) $4,156,250
E) $372,500

Related Questions

Q28: An advantage of common-size statements is that

Q29: A company is preparing a common-size

Q31: A change in inventory reporting from LIFO

Q32: Use the balance sheets of Sando shown

Q32: A high level of expected risk suggests

Q35: A company's sales in 2013 were $250,000

Q37: A company's calendar-year financial data are shown

Q139: The current ratio and acid-test ratio are

Q167: Trend analysis is a form of horizontal

Q171: External users of financial information:<br>A) Are those