Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 13 - Financial Analysis: The Big Picture - Self-Test Questions - Page 726: 11


A - 6%

Work Step by Step

Profit margin is calculated by dividing net income by net sales. (24,000 / 400,000) = .06 or 6%
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