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Pine Trees of Maine Corp. has Sales of $300,000, Interest Expense of $20,000, EBT of $35,000, Taxes of $5,000, and Debt of $50,000. What is
Pine Trees of Maine Corp. has Sales of $300,000, Interest Expense of $20,000, EBT of $35,000, Taxes of $5,000, and Debt of $50,000. What is the profit margin? (Answer in percent. If needed, answer with up to two decimal places and omit the percentage sign, %, for example, X.XX.)
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