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What were its net income and net profit margin

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Problem - At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets.

(a) If WFL's total assets turnover was 2.0, what were its sales revenues?

(b) If WFL's return on assets was 6 percent, what were its net income and net profit margin?

Reference no: EM132697133

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