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    Fundamental Accounting Principles Study Set 5
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    Exam 15: Investments and International Operations
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    A Company Reported Net Income of $275,000, Net Sales of $2,500,000
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A Company Reported Net Income of $275,000, Net Sales of $2,500,000

Question 28

Question 28

Essay

A company reported net income of $275,000, net sales of $2,500,000, and average total assets of $2,100,000 for the current year. Calculate this company's profit margin, total asset turnover, and return on total assets.

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