Financial information is presented below: Operating expenses $32,000 Sales revenue 205,000 Cost of goods sold 165,000 The profit margin ratio would be: A. 0.96. B. 0.04. C. 0.20. D. 0.80.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Financial information is presented
below:
Operating expenses $32,000
Sales revenue
205,000
Cost of goods sold 165,000
The profit margin ratio would be:
A. 0.96.
B. 0.04.
C. 0.20.
D. 0.80.
Transcribed Image Text:Financial information is presented below: Operating expenses $32,000 Sales revenue 205,000 Cost of goods sold 165,000 The profit margin ratio would be: A. 0.96. B. 0.04. C. 0.20. D. 0.80.
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