Fields Company presented the following data for the current year: Net sales revenue $275,000 Cost of goods sold 125,000 Operating expenses 40,000 Income tax rate 25% Determine the company's profit margin (rounded) 4 Select one: O O O a. 33% b. 31% C. 28% d. 30%
Fields Company presented the following data for the current year: Net sales revenue $275,000 Cost of goods sold 125,000 Operating expenses 40,000 Income tax rate 25% Determine the company's profit margin (rounded) 4 Select one: O O O a. 33% b. 31% C. 28% d. 30%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Fields Company presented the following data for the current year:
Net sales revenue $275,000
Cost of goods sold
125,000
Operating expenses
40,000
Income tax rate
25%
Determine the company's profit margin (rounded)
A
Select one:
O
O
a. 33%
b. 31%
C. 28%
d. 30%
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