If a company had $15,000 in net income for the year, and its sales were $300,000 for

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If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year, what is its profit margin?

a. 20%

c. $285,000

e. 5%

b. 2,000%

d. $315,000

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: Mar 10, 2024 10:00 AM

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If a company had $15,000 in net income for the year, and its sales were $300,000 for

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College Accounting Ch 1-14

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