If Net sales $200,000, Cost of goods sold 90,000, Operating expenses 80,000, Net income10,000, Total assets 180,000,
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Question:
If Net sales $200,000, Cost of goods sold 90,000, Operating expenses 80,000, Net income10,000, Total assets 180,000, Total liabilities 120,000, Cash flow from operating activities 5,000, Happy Valley's operating profit margin is: Operating Income/Net sales
Select one:
a. 40%
b.5%
c. 55%
d. 15%
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