Use the following information to calculate the profit margin on sales ratio for the two years given Is the trend positive ornegative For the year ended For the year ended March 31, 2010 March 31, 2009 Net sales Net income $45,015 1,003 $40,023 $1,407...

Profit margin ratio Net incomeNet sales Net sales Net income PM Ratio ...

Use the following information to calculate the profit margin on sales ratio for the two years given.

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Use the following information to calculate the profit margin on sales ratio for the two years given. Is the trend positive ornegative?

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Financial Accounting: A Business Process Approach

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Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:23 PM

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Use the following information to calculate the profit margin on sales ratio for the two years given.

Question:

For the year ended For the year ended March 31, 2010 March 31, 2009 Net sales Net income $45,015 1,003 $40,023 $1,407

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Financial Accounting: A Business Process Approach

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