Answered: Martinez Corporation reported net sales…

Martinez Corporation reported net sales of $769,000, net income of $138,000, and total assets of $7,674,336. The profit margin is: Multiple Choice 557.0%. 5.57%. 82.05%.

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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Martinez Corporation reported net sales of $769,000, net income of $138,000, and total assets of $7,674,336. The profit margin
is:
Multiple Choice
557.0%.
5.57%.
82.05%.
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