A managers operation achieved a net income of $82, 517 on total sales of $1,231,300. What was
Question:
A manager’s operation achieved a net income of $82, 517 on total sales of $1,231,300. What was this manager’s profit margin?
a. 6.7%
b. 67%
c. 1.5%
d. 14.9%
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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