0 A company had $6,980,000 in net income for the year. Its net sales were $15,000,000...

Question

Question

0 A company had $6,980,000 in net income for the year. Its net sales were $15,000,000 for the same period. Calculate its prof

business accounting

Answer 1

Answer #1

Profit margin = net income / sales * 100 = 6,980,000 / 15,000,000 * 100 = 46.5% is the correct answer

Answer 2

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