Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Profit Company A Company B Company A Company B Total Revenues 2019 1000 2019 10 2018 1000 2018 20 2030 Profit Margin 100 10% 5
Profit Company A Company B Company A Company B Total Revenues 2019 1000 2019 10 2018 1000 2018 20 2030 Profit Margin 100 10% 5 50% -150 -15% 5 25% -40 Calculate the Average Profit Margin (ratio of the sums) by dividing the Total of the Profits by the Total of the Revenues -2% Calculate the Average Profit Margin (average of the ratios) by averaging the Profit Margins above. 18%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started