During 2024, Oak line Manufacturing reported: Net Sales: $42,000,000 • Net Income: $2,100,000 What is Oak line's profit margin? a. 4.5% b. 5.0% c. 6.2% d. 7.8%
During 2024, Oak line Manufacturing reported: Net Sales: $42,000,000 • Net Income: $2,100,000 What is Oak line's profit margin? a. 4.5% b. 5.0% c. 6.2% d. 7.8%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:During 2024, Oak line Manufacturing reported:
Net Sales: $42,000,000
•
Net Income: $2,100,000
What is Oak line's profit margin?
a. 4.5%
b. 5.0%
c. 6.2%
d. 7.8%
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