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Author Question: When a business was declared bankrupt, it had creditors' claims totaling 410,640. After all assets ... (Read 67 times)

james

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on: Jun 24, 2018
When a business was declared bankrupt, it had creditors' claims totaling 410,640. After all assets were sold and bankruptcy costs paid, 145,650 was left to pay creditors' claims. How much would a creditor receive if the creditor's claim was for 65,000?

Question 2

Thompson Tool had net sales of 760,110 and net income of 189,300 last year. What was Thompson's net profit margin, to the nearest tenth percent?


jjorrostieta

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Reply #1 on: Jun 24, 2018
Answer to Question 1

23,054.87

Answer to Question 2

24.9


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