Question
Lean Company Ltd reported net sales of $500,000 in their financial statements. The company also reported erage assets of $800.000 and liabilities of $390.000. If
Lean Company Ltd reported net sales of $500,000 in their financial statements. The company also reported erage assets of $800.000 and liabilities of $390.000. If th ompany's profit margin for the said year was 11.6%, how uch is their net income?
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Accounting Texts And Cases
Authors: Robert Anthony, David Hawkins, Kenneth A. Merchant
12th Edition
0073100919, 978-0073100913
