Answered: During October, Blue Wave Electronics…

During October, Blue Wave Electronics reported net income of $78,000 with net sales of $260,000. What is the company's profit margin? A. 20% B. 25% C. 30% D. 35% E. $182,000

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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What is company's profit margin? General accounting

During October, Blue Wave Electronics reported net income of
$78,000 with net sales of $260,000. What is the company's
profit margin?
A. 20%
B. 25%
C. 30%
D. 35%
E. $182,000

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