15. Profit Margin: Juno, Inc. has a profit margin of 4.8 percent and a Total Asset...

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15. Profit Margin: Juno, Inc. has a profit margin of 4.8 percent and a Total Asset...

15. Profit Margin: Juno, Inc. has a profit margin of 4.8 percent and a Total Asset Turnover of 1.16. The net profit is $420 and the tax rate is 35 percent. What are the total sales for the period?

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Answer 1

Answer #1

Ans. 15 Profit margin = Net profit / Sales

4.8% = $420 / Sales

Sales = $420 / 4.8%

Sales = $8,750

*The amount of sales can be calculated by using the total assets turnover ratio.

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Answer 2

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15. Profit Margin: Juno, Inc. has a profit margin of 4.8 percent and a Total Asset...

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15. Profit Margin: Juno, Inc. has a profit margin of 4.8 percent and a Total Asset...

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