Question
You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margin of 19%. How do
You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margin of 19%. How do you explain this to owner Penelope Hassey?
For every $19 in sales, $100 ended up in Net Income.
For every $100 in sales, $19 ended up in Net Income.
19% of Net Income was generated by Profit Margin.
19% of sales were generated by Net Income.
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
