Question
Hello! I have a quick accounting question that I'd like help and an explanation with regarding profit margin? The Sugar Shack reports net income of
Hello! I have a quick accounting question that I'd like help and an explanation with regarding profit margin?
The Sugar Shack reports net income of $150,000, sales of $1,500,000, and average assets of $730,000.What is the profit margin?
48.6%
20.5%
10%
115%
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Management Information Systems Managing the digital Firm
Authors: Kenneth C. Laudon, Carol Guercio Traver
14th edition
132142856, 132142854, 978-0133898163
