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Ramos Company Ramos Company included the following information in its annual report: 2011 2010 2009 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500
Ramos Company
Ramos Company included the following information in its annual report:
|
| 2011 | 2010 | 2009 |
| Sales | $178,400 | $162,500 | $155,500 |
| Cost of goods sold | 115,000 | 102,500 | 100,000 |
| Operating expenses | 50,000 | 50,000 | 45,000 |
| Net income | 8,710 | 6,500 | 6,825 |
Compute the operating profit margin for RAMOS in 2011.
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