FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Profit Margin = Profit/Net sales (or revenue) X 100 2015-2016- 453622/6679622 x 100% = 2016-2017- 203244/1351622 x 100% = 2017-2018- 0/1398756 x 100% = 2018-2019-

Profit Margin = Profit/Net sales (or revenue) X 100

2015-2016- 453622/6679622 x 100%

=

2016-2017- 203244/1351622 x 100%

=

2017-2018- 0/1398756 x 100%

=

2018-2019- 0/1602000 x 100%

=

2019-2020- 0/160200 x 100%

=

2020-2021- 0/160200 x 100%

=

2021-202- 0/160200 x 100%

=

2022-2023- 0/160200 x 100%

=

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental accounting principle

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

Students also viewed these Accounting questions

Question

Describe the three categories of time and the three categories of expenses.

Answered: 1 week ago

Question

★★★★★
Plexon Tire and Rubber Company claims that its Delton III tires have an average life of at least 50,000 miles. You take a random sample of 50 Delton III tires to test Plexons claim. The average life...

Answered: 1 week ago

Question

★★★★★
Inhale, Inc. 2018 Income Statement Net sales $ 18,400 Cost of goods sold 15,200 Depreciation 700 Earnings before I and T $ 2,500 Interest paid 70 Taxable Income $ 2,430 Taxes 960 Net income $ 1,470...

Answered: 1 week ago

Question

★★★★★
KUALA LUMPUR: A two-week long inter-district Movement Control Order (MCO) directive will be imposed throughout Sabah beginning midnight on Saturday. Senior Minister (Security Cluster) Datuk Seri...

Answered: 1 week ago

Question

★★★★★
9.11 A multihospital system would like to compare the productivity of nursing staff in three of its cardiac intensive care units.Table EX 9.11 Measurement Unit 1 Unit 2 Unit 3 Annual Hours 185,200...

Answered: 1 week ago

Question

★★★★★
An inverted pendulum on a rolling disk is shown below. The disk has a radius R and mass M and is rolling on a at surface without slipping. The inverted pendulum consists of a rod of length L and mass...

Answered: 1 week ago

Question

★★★★★
PSY 575 - Culture and Design Assignment This is a two-part assignment. Part I: Make an argument, based on research, showing whether you believe organizational cultures can change and why. Include:...

Answered: 1 week ago

Question

★★★★★
You are Jill Bradley, the chief technology officer (CTO) for OnlineRetailCo (ORC). This makes you the top IT executive at the company. You have been in your position for just six months. ORC is a...

Answered: 1 week ago

Question

★★★★★
A restaurant chain claims that it serves its customers in exactly 15 minutes after an order is placed. However, customers from one of its outlets have been complaining that this is not true....

Answered: 1 week ago

Previous Question Next Question