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Exercise 3-25 (Algo) Computing and interpreting profit margin LO A1 Use the following information to compute profit margin for each separate company a through
Exercise 3-25 (Algo) Computing and interpreting profit margin LO A1 Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal place.) Company Net Income Net Sales Profit Margin (%) a 6,131 $ 51,960 b. 100,813 462.444 C. 106,030 296,172 d. 72,614 1,688,700 0. 85,178 504,012 Which of the five companies is the most profitable according to the profit margin ratio?
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
