Lowellson Company had sales of $200,000, net income of $10,000, and an asset base of $300,000....

Question

Question

Lowellson Company had sales of $200,000, net income of $10,000, and an asset base of $300,000....

Lowellson Company had sales of $200,000, net income of $10,000, and an asset base of $300,000. Its margin is

a.3.3%.

b.66.7%.

c.5.0%.

d.150.0%.

business accounting

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Answer 1

Answer #1

Answer- Its Margin is = 5%

Explanation- Margin= (Net income/Sales)*100

= ($10000/$200000)*100

= 5%

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Answer 2

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Lowellson Company had sales of $200,000, net income of $10,000, and an asset base of $300,000....

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