Income Statement Ratio The income statement of Ivy Enterprises shows operating revenues of $197,000, selling expenses of $48,300, general and administrative expenses of $45,940, interest expense of $710, and income tax expense of $22,856. Ivy's stockholders' equity was $300,000 at the beginning of the year and $340,000 at the end of the year. The company has 35,000 shares of stock outstanding at the end of the year. Required: Ivy's profit margin is should be used: and is a good indicator of its profitability. For the calculation of its profit margin to be useful, two key factors and Income Statement Ratio The income statement of Ivy Enterprises shows operating revenues of $197,000, selling expenses of $48,300, $45,940, interest expense of $710, and income tax expense of $22,856. Ivy's stockholders' equity was $300,0 at the end of the year. The company has 35,000 shares of stock outstanding at the end of the year. Required: Ivy's profit margin is should be used: an and is a good indicator of its profitability. For the calculation of its balance sheets cash flow statement current ratio industry norms market values