QS 3-11 Analyzing profit margin Yang Company reported net profit of $37,925 and net sales of $390,000 for the current year. Calculate the company's profit margin and interpret the result. Assume that its competitors earn an average profit margin of 15%.

QS 3-11 Analyzing profit margin Yang Company reported net profit of $37,925 and net sales of $390,000 for the current year. Calculate the company's profit margin and interpret the result. Assume that its competitors earn an average profit margin of 15%. QS 3-11 Analyzing profit margin Yang Company reported net profit of $37,925 and net sales of $390,000 for the current year. Calculate the company's profit margin and interpret the result. Assume that its competitors earn an average profit margin of 15%