Owl Fitness needs to recall what its net sales were based on a profit margin of 12%, net income of $240,000 and average total assets of $1,000,000. Can you help?
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What scientific concept do you need to know in order to solve this problem?
Our tutors have indicated that to solve this problem you will need to apply the Ratios: Profit Margin concept. You can view video lessons to learn Ratios: Profit Margin. Or if you need more Ratios: Profit Margin practice, you can also practice Ratios: Profit Margin practice problems.
What is the difficulty of this problem?
Our tutors rated the difficulty ofOwl Fitness needs to recall what its net sales were based on...as medium difficulty.