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Company Alpha reports net income of $200,000, sales of $2,000,000, and average assets of $900,000. What is the profit margin? a. 10% b. 15% c. 20% d. 25%

Company Alpha reports net income of $200,000, sales of $2,000,000, and average assets of $900,000. What is the profit margin? a. 10% b. 15% c. 20% d. 25%

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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What is the profit margin on these accounting question?

Company Alpha reports net income of $200,000, sales of $2,000,000, and average assets of $900,000. What is the profit margin? a. 10% b. 15% c. 20% d. 25%
Transcribed Image Text:Company Alpha reports net income of $200,000, sales of $2,000,000, and average assets of $900,000. What is the profit margin? a. 10% b. 15% c. 20% d. 25%
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