Melanie's Bead Shoppe has total assets of $45,000, accounts receivable of $2,000, accounts payable of $3,100, and inventory valued at $20,000. Last year, her net sales were $29,000, and her operating profit margin equaled $14,000. What is her return on assets

31.11%

Explanation:

Given that,

Total assets = $45,000

Accounts receivable = $2,000

Accounts payable of $3,100

Inventory valued at $20,000

Net sales = $29,000

Operating profit margin = $14,000

Return on assets:

= (Operating profit margin ÷ Total assets) × 100

= ($14,000 ÷ $45,000) × 100

= 0.3111 or 31.11%

Therefore, the Melanie's Bead Shoppe return on assets is 31.11%.

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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