Answered: Financial information is presented…

Financial information is presented below: Operating expenses $ 39000 Sales revenue 190000 Cost of goods sold 137000 The profit margin ratio would be a. 0.72. b. 0.07. c. 0.28. d. 0.93.

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

General accounting

Financial information is presented below:
Operating expenses $ 39000
Sales revenue 190000
Cost of goods sold 137000
The profit margin ratio would be
a. 0.72.
b. 0.07.
c. 0.28.
d. 0.93.

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