Corrected amounts Farmers' net income was $740.000 and its net sales were $8,000,000. Calculate its pront...

Question

Question

Corrected amounts Farmers net income was $740.000 and its net sales were $8,000,000. Calculate its pront margin ratio.

business accounting

Answer 1

Answer #1

Profit margin ratio = (Net income / Net sales) x 100

= ($740,000 / $8,000,000) x 100

= 9.25%

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Answer 2

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