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%
b. 2,000%
c. $285,000
d. $315,000
e. 5%
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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