Financial information for Crow Enterprises is presented below: • Operating Expenses: $45,000 Sales Revenue: $210,000 Cost of Goods Sold: $148,000 The profit margin ratio would be: a. 0.75 b. 0.08 c. 0.30 d. 0.95

Financial information for Crow Enterprises is presented below: • Operating Expenses: $45,000 Sales Revenue: $210,000 Cost of Goods Sold: $148,000 The profit margin ratio would be: a. 0.75 b. 0.08 c. 0.30 d. 0.95

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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Question

The profit margin ratio would be

Financial information for Crow Enterprises is
presented below:
•
Operating Expenses: $45,000
Sales Revenue: $210,000
Cost of Goods Sold: $148,000
The profit margin ratio would be:
a. 0.75
b. 0.08
c. 0.30
d. 0.95

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