Profit margin? Green Valley Corp. had a net income of $240,000 onsales of $960,000. What was the company's profitmargin? a. 15% b. 20% c. 25% d. 30%

The question requires the determination of the profit margin.The profit margin is a measure in…

Answered: Green Valley Corp. had a net income of…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Green Valley Corp. had a net income of $240,000 on sales of $960,000. What was the company's profit margin? a. 15% b. 20% c. 25% d. 30%