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Trisha's Tackle Shop is an outdoor fishing store that sells fishing gear to customers. Last...

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Trisha's Tackle Shop is an outdoor fishing store that sells fishing gear to customers. Last year the company had it's best year in sales since it opened 10 years ago. Net sales were $1,000,000 and her net income was $100,000. Calculate Trisha's profit margin ratio: 14. Rate of Return on Total Assets Charlie's Construction Company is a growing construction business that has contracts to build storefronts in downtown Spokane. The company's balance sheet shows beginning assets of $1,000,000 and ending assets of $2,000,000. During the year the company had net income of $20,000,000. Calculate Charlie's rate of return on total assets: 15. Asset Turnover Ratio Sally's Tech Company is a start up technology business that manufactures computer tablets. Sally is currently looking for new investors to raise capital. Investors want to know how well the company is using it's assets to produce sales and receives the following information: Calculate the company's asset turnover ratio

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