A company had net income of $2,665,000, net sales of $25,500,000, and average total assets of $8,500,000. Its return on total assets equals __________.
The following data come from the financial records of Bynum Corporation for 2011.
| Sales | $840,000 |
| Interest expense | 5,000 |
| Income tax expense | 27,000 |
| Net income | 28,000 |
How many times was interest earned in 2011?
Calculate the Profit Margin given that Net Income is $146 and Sales is $1168.
a. 11.18%
b. 11.72%
c. 12.5%
d. 13.04%
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