Noble Company had net income of $175,000 and net sales of $625,000 in 2014. The company’s total assets for 2013/2014 averaged $4,000,000. Its common stockholders’ equity for the period averaged $2,340,000. Calculate (a) profit margin, (b) return on as

Noble Company had net income of $175,000 and net sales of $625,000 in 2014. The company’s total assets for 2013/2014 averaged $4,000,000. Its common stockholders’ equity for the period averaged $2,340,000. Calculate (a) profit margin, (b) return on as



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