Answered: How do you find the profit margin when…

How do you find the profit margin when given this information? Revenue: $1000 Expenses: $900 Total Assets: $1500 Total Liabilites: $500 Is there a specific formula?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How do you find the profit margin when given this information?

Revenue: $1000

Expenses: $900

Total Assets: $1500

Total Liabilites: $500

Is there a specific formula?

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