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Item5 View previous attempt Item 5 Required information Skip to question Play Video The following information was drawn from the accounting records of Jones Company.
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The following information was drawn from the accounting records of Jones Company.
| Net sales | $ | 321,951 | |
| Net income | 66,000 | ||
| Average total assets | 580,000 | ||
| Average total liabilities | 380,000 | ||
| Average total stockholders' equity | 240,000 | ||
Based on this information, the company's net margin (also known as return on sales) is
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
