Required information [The following information applies to the questions displayed below.] After completing this learning objective, you should be able to analyze a company's performance based on return on assets and its components and the effects of transactions on financial ratios. Bases & Bats Inc. 43 Simac / Alamy Knowledge Check 01 Kensington Corporation reported net income of $30,000, net sales of $1,000,000, and average total assets of $500,000 during the year. What was the company's net profit margin? (Round your answer to the nearest whole percentage.) Net profit margin