Solved: Profit margin-return on sales, Accounting Basics

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Profit margin-return on sales

Question: Comfortable Mattress, Inc., has assets of $500,000 and turns over its assets 1.5 times per year. Return on assets is 12%. What is its profit margin (return on sales)? The response must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.

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Accounting Basics: Profit margin-return on sales

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