Calculate the Profit Margin given that Net Income is $418 and Sales is $1879. a. 21.66% b. 22.25% c. 23.08% d. 23.56%

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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Hi teacher please help me this question general accounting

Calculate the Profit Margin given that Net Income is $418 and
Sales is $1879.
a. 21.66%
b. 22.25%
c. 23.08%
d. 23.56%
Transcribed Image Text:Calculate the Profit Margin given that Net Income is $418 and Sales is $1879. a. 21.66% b. 22.25% c. 23.08% d. 23.56%
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