Income Statement Ratio The income statement of Ivy Enterprises shows operating revenues of $106,700, selling expenses of $31,320, general and administrative expenses of $28,270, interest expense of $310, and income tax expense of $16,497. Ivy's stockholders' equity was $280,000 at the beginning of the year and $335,000 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 two key factors should be used: and is a good indicator of its profitability. For the calculation of its profit margin to be useful, and

Income Statement Ratio The income statement of 1vy Enterprises shows operating revenues of $106,700, selling expenses of $31,320,9 general and administrative expenses of $28,270, Interest expense of $310, and income tax expense of $16,497. Ivy's stockholders' equity was $280,000 at the beginning of the year and 5335,000 at the end of the year. The compony has 35,000 shares of stock outstanding at the end of the year. Required: lvy's profit margin is and is a good indicator of its profitability. For the calculation of its profit margin to be useful, two key factors should be used: and