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S Company had the following normal ending account balances at the end of year 1: Accounts Payable $16,800 Accounts Receivable 960 Building & Land 177,000
S Company had the following normal ending account balances at the end of year 1: Accounts Payable $16,800 Accounts Receivable 960 Building & Land 177,000 Common Stock 120,000 Cash 14,490 Expenses, total 39,270 Notes Payable 34,800 Machinery & Equipment 78,000 Accumulated Depreciation 33,000 Revenues, total 102,000 Salaries Payable 3,600 Supplies 480 If a dividend of $2,000 was paid, using cash, what would be S's profit margin ratio, rounded to 3 decimal places
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