A firm's annual sale amount to 4 times its total assets. It's profit on sale is 2.4%?
What is its rate of profit on its total assets?
Answers:
Let Sales = S and Assets = A, so S=4A
Profit on S = 2.4% or put another track,
Profit on 4A = 2.4%
So rate of profit on its total assets is 9.6%.
Check it out near a simple example. Let's influence Assets = $1,000, so Sales must be $4,000. Profit on Sales is 2.4% = $96. So a profit of $96 be made. $96 as a percentage of Assets of $1,000 is 96/1000 x 100 = 9.6%
IM JUST ASKING, but what would you call for to most important contained by to do international arms trade?
Why do 711 and other stores uncap 24 hrs enjoy locks on their doors?
A few years ago, we have a cingular cell phone plan. they sent us an outragous bill for stuff we didn't buy
Answering the give somebody the third degree "Why do you want to work here"?
What are Some Good Suggestions for Fundraising door-to-door?
Answers:
Let Sales = S and Assets = A, so S=4A
Profit on S = 2.4% or put another track,
Profit on 4A = 2.4%
So rate of profit on its total assets is 9.6%.
Check it out near a simple example. Let's influence Assets = $1,000, so Sales must be $4,000. Profit on Sales is 2.4% = $96. So a profit of $96 be made. $96 as a percentage of Assets of $1,000 is 96/1000 x 100 = 9.6%