Answer? ? General Accounting Atlas Corporation reports the following financialdata:. Total assets: $1,250,000•Total equity: $750,000•Total sales: $2,100,000. Net income: $84,000What is Atlas Corporation's profit margin?a) 3.25 percentb) 4.00 percentc) 4.50 percentd) 11.20 percente) 6.72 percent

Step 1: Define Profit MarginProfit margin measures the percentage of revenue that remains as profit…

Answered: Atlas Corporation reports the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Atlas Corporation reports the following financial data: . Total assets: $1,250,000 • Total equity: $750,000 • Total sales: $2,100,000 . Net income: $84,000 What is Atlas Corporation's profit margin? a) 3.25 percent b) 4.00 percent c) 4.50 percent d) 11.20 percent e) 6.72 percent