Questions
25400 Financial Literacy - Spring 2025 🔴 Practice Questions for In-class Quiz 2
Short answer
Company A has a net income of $231,917 and sales of $2,080,435. What is the profit margin? If the answer is 10.4567%, write 0.1046.
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Step-by-Step Analysis
We’re asked to compute the profit margin for Company A using net income and sales.
First, identify the formula: profit margin = net income / sales. This ratio expresses......Login to view full explanationLog in for full answers
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Similar Questions
Here is some financial statement information for a business. Calculate the profit margin ratio for the current year. Calculate your answer as a percentage to one decimal place. Do not include the '%' symbol in your answer. Prior year Current year Cash 207 395 Accounts receivable 149 339 Short-term investments 117 124 Inventory 320 313 Property, plant and equipment 1,169 1,079 Sales 4,000 7,128 Net profit 2,000 4,222 Share capital 3,500 3,500
A 公司的净收入为 273,165 美元，销售额为 2,399,874 美元。利润率是多少？ 如果答案是 10.4567%，则写 0.1046。
Company A has a net income of $273,165 and sales of $2,399,874. What is the profit margin? If the answer is 10.4567%, write 0.1046.
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