Wiggle Pools has total equity of $358,200 and net income of $47,500.The debt-equity ratio is .68 and the total asset turnover is 1.2.What is the profit margin?
A)4.82 percent
B)5.23 percent
C)5.67 percent
D)6.58 percent
E)7.31 percent

Question

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The Answer of Wiggle Pools has total equity of $358,200 and net income of $47,500.The debt-equity ratio is .68 and the total asset turnover is 1.2.What is the profit margin?
A)4.82 percent
B)5.23 percent
C)5.67 percent
D)6.58 percent
E)7.31 percent

Wiggle Pools Has Total Equity of $358,200 and Net Income