Answered: Financial information is presented…

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.

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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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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