Felton Farm Supplies, Inc., has an 8 percent return on total assets of $300,000 and a net profit margin of 5 percent. What are its sales?
A.) $3,750,000
B.) $480,000
C.) $300,000
D.) $1,500,000
Answer: B
Felton Farm Supplies, Inc., has an 8 percent return on total assets of $300,000 and a net profit margin of 5 percent. What are its sales?
A.) $3,750,000
B.) $480,000
C.) $300,000
D.) $1,500,000
Answer: B