This is part a and b please answer both Richard's Sporting Goods reports net income of $200,000, net sales of $530,000, and average assets of $1,200,000. The profit margin is:Multiple Choice37.7%.26 times.16.7%.44.2%. Richard's Sporting Goods reports net income of $170,000, net sales of $560,000, and average assets of $1,600,000. The return on assets is:Multiple Choice30.4%.10.6%.35.0%.3.3 times.

Profit Margin - 37.7% Return on assets- 10.6 %

Answered: This is part a and b please answer both

Business

Accounting

This is part a and b please answer both

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12PROB

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Question

This is part a and b please answer both

Richard's Sporting Goods reports net income of $200,000, net sales of $530,000, and average assets of $1,200,000. The profit margin is:
Multiple Choice
37.7%.
26 times.
16.7%.
44.2%.

Richard's Sporting Goods reports net income of $170,000, net sales of $560,000, and average assets of $1,600,000. The return on assets is:
Multiple Choice
30.4%.
10.6%.
35.0%.
3.3 times.

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