Breaktown Company had net income of $175,000 and net sales of $625,000 in 2010. The company's total assets for 2009/2010 averaged $4,000,000. Its common stockholders' equity for the period averaged $2,340,000. Calculate (a) profit margin, (b) return on assets, and (c) return on common stockholders' equity.

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The Answer of Breaktown Company had net income of $175,000 and net sales of $625,000 in 2010. The company's total assets for 2009/2010 averaged $4,000,000. Its common stockholders' equity for the period averaged $2,340,000. Calculate (a) profit margin, (b) return on assets, and (c) return on common stockholders' equity.

Breaktown Company Had Net Income of $175,000 and Net Sales