Calculate the companys net profit margin

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Reference no: EM131340060

1. Clovis Industries had sales in 2006 of $40 million, 20 percent of which were cash. If Clovis normally carries 45 days of credit sales in accounts receivable, what are its average accounts receivable balances? (Assume a 365-day year.)

2. Williams Oil Company had a return on stockholders' equity of 18 percent during 2006. Its total asset turnover was 1.0 times, and its equity multiplier was 2.0 times. Calculate the company's net profit margin.

Reference no: EM131340060

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