Calculate the profit margin. Round to 0 decimal places. Net Income: 99,200  Net Sales: 2,542,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculate the profit margin. Round to 0 decimal places.

Net Income: 99,200 

Net Sales: 2,542,000

Calculate the profit margin and gross profit rate. (Round answers to O decimal places, e.g. 15%.)
Profit margin
Gross profit rate
52
%
%
Transcribed Image Text:Calculate the profit margin and gross profit rate. (Round answers to O decimal places, e.g. 15%.) Profit margin Gross profit rate 52 % %
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