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Packett Company has compiled the following data: (Click the icon to view the data.) Calculate the following amounts for Packett: 20. Profit margin ratio 21.
Packett Company has compiled the following data: (Click the icon to view the data.) Calculate the following amounts for Packett: 20. Profit margin ratio 21. Asset turnover ratio 20. Calculate the profit margin ratio. Begin by selecting the formula to calculate profit margin ratio, and then enter the amounts to calculate the company's profit margin ratio. Profit margin = ratio Data table
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