Maple Street Corporation has income from operations of $60,000, invested assets of $400,000, and sales of $1,200,000. What is the profit margin?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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Maple Street Corporation has income from operations of
$60,000, invested assets of $400,000, and sales of
$1,200,000.
What is the profit margin?
Transcribed Image Text:Maple Street Corporation has income from operations of $60,000, invested assets of $400,000, and sales of $1,200,000. What is the profit margin?
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