Breaktown Company had net income of $152,000 and net sales of $625,000 in 2014. The company's total assets for 2013/2014 averaged $4,000,000. Its ordinary shareholders' equity for the period averaged $2,340,000. Calculate (a) profit margin, (b) return on assets, and (c) return on ordinary shareholders' equity.

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The Answer of Breaktown Company had net income of $152,000 and net sales of $625,000 in 2014. The company's total assets for 2013/2014 averaged $4,000,000. Its ordinary shareholders' equity for the period averaged $2,340,000. Calculate (a) profit margin, (b) return on assets, and (c) return on ordinary shareholders' equity.

Breaktown Company Had Net Income of $152,000 and Net Sales