A company reports the following financial data: • ⚫ Profit $150,000 ⚫ Average Assets = $1,200,000 ⚫ Net Sales = $1,800,000 The return on assets ratio is: a) 15 times b) 12.5% c) 8.33% d) 15%

Profitability Ratios The following data came from the financial statements of Israel Company: Revenue $900,000 Assets $600,000 Expenses 600,000 Liabilities 100,000 Net income 300,000 Average equity 500,000 Required:

The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $150,000 and $1,000,000, respectively. What is ATLF's profit margin? Select one: a. 10% Ob. 8% O c. 7.5% O d. 15% e. 12%

Answer this Financial Accounting