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
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
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Transcribed Image Text: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
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