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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