Melanie's Bead Shoppe LLC has total assets of $45,000,accounts receivable of $2,000,accounts payable of $3,100,and inventory valued at $20,000.Last year,her net sales were $29,000,and her operating profit margin equaled $14,000.What is her return on assets?

Question

Quizplus · Accepted Answer

Return on assets equals operating profit margin of $14,000 divided by total assets of $45,000 equals 31.1%.

Melanie's Bead Shoppe LLC Has Total Assets of $45,000,accounts Receivable