Greenfield Enterprises has the following Accounting data for the year: Net income: $120,000 Net sales: $1,000,000 What is the profit margin for Greenfield Enterprises?

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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Greenfield Enterprises has the following Accounting data for the year:
Net income: $120,000
Net sales: $1,000,000
What is the profit margin for Greenfield Enterprises?
Transcribed Image Text:Greenfield Enterprises has the following Accounting data for the year: Net income: $120,000 Net sales: $1,000,000 What is the profit margin for Greenfield Enterprises?
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