Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Financial information is presented below: Operating expenses$ 32000 Sales revenue196000 Cost of goods sold161000 The profit margin ratio would be a. 0.82. b. 0.02. c.
Financial information is presented below:
Operating expenses$ 32000
Sales revenue196000
Cost of goods sold161000
The profit margin ratio would be
a. 0.82.
b. 0.02.
c. 0.18.
d. 0.98.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started