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ABC Manufacturing presents the following financial data: Sales revenue $420,000 Operating expenses $72,000 Cost of goods sold $278,000 The profit margin ratio would be: (a) 0.25 (b) 0.17 (c) 0.66 (d) 0.34

ABC Manufacturing presents the following financial data: Sales revenue $420,000 Operating expenses $72,000 Cost of goods sold $278,000 The profit margin ratio would be: (a) 0.25 (b) 0.17 (c) 0.66 (d) 0.34

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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ABC Manufacturing presents the following financial data: Sales revenue $420,000 Operating expenses $72,000 Cost of goods sold $278,000 The profit margin ratio would be: (a) 0.25 (b) 0.17 (c) 0.66 (d) 0.34
Transcribed Image Text:ABC Manufacturing presents the following financial data: Sales revenue $420,000 Operating expenses $72,000 Cost of goods sold $278,000 The profit margin ratio would be: (a) 0.25 (b) 0.17 (c) 0.66 (d) 0.34
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