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Calculate the Profit Margin given that Net Income = $146 and Sales = $1168. a. 11.18% b. 11.72% c. 12.5% d. 13.04%

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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Calculate the Profit Margin given that Net Income = $146
and Sales = $1168.
a. 11.18%
b. 11.72%
c. 12.5%
d. 13.04%

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