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At the end of the current year, Singleton Inc. reported the following information: Sales $412,000 Operating income 163,000 Average total assets 475,000 Average stockholders' equity
At the end of the current year, Singleton Inc. reported the following information: Sales $412,000 Operating income 163,000 Average total assets 475,000 Average stockholders' equity 365,000 Compute the profit margin of Singleton. (Round the answer to two decimal places.) a. 39.56% b. 31.45% c. 63.44% d. 50.15%
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
