Need answer general Accounting question During December, TechPro Solutions reported net income of $45,000with net sales of $150,000. What is the company's profit margin?A. 25%B. 35%C. 30%D. 40%E. $105,000

Step 1: Define Profit MarginProfit margin is a financial ratio that measures the percentage of net…

Answered: During December, TechPro Solutions…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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During December, TechPro Solutions reported net income of $45,000 with net sales of $150,000. What is the company's profit margin? A. 25% B. 35% C. 30% D. 40% E. $105,000