During the year ended December 31, 2014, Bjornstad Corporation had the following results: sales revenue $267,000; cost
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During the year ended December 31, 2014, Bjornstad Corporation had the following results: sales revenue
$267,000; cost of good sold $107,000; net income
$92,400; operating expenses $55,400; net cash provided by operating activities $108,950. What was the company’s profit margin?
(a) 40%.
(c) 20.5%.
(b) 60%.
(d) 34.6%.
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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