(TCO G) LeCompte corp. has 312,900 of assets and it uses only common equity capital. (zero debt) Its sales for last year were $620,000, and its net…

(TCO G) LeCompte corp. has 312,900 of assets and it uses only common equity capital. (zero debt) Its sales for last year were $620,000, and its net income after taxes was 24,655. Stockholders recently voted in a new management team that has promised to lower costs and get the return of equity up to 15%. What profit margin would LeCompte need in order to achieve the 15%, holding everything else consistant?

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