Questions
25400 Financial Literacy - Spring 2025 🔴 Practice Questions for In-class Quiz 2
Short answer
Company A has a net income of $286,590 and sales of $2,527,338. What is the profit margin? If the answer is 10.4567%, write 0.1046.
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Step-by-Step Analysis
First, identify what is being asked: the profit margin, which is defined as net income divided by sales.
Next, note the given numbers: net income = 286,590 and sales = 2,527,338.
Then, set up the c......Login to view full explanationLog in for full answers
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