Martinez Corporation reported net sales of $773,000, net income of $134,000, and total assets of $7,714,260. The profit margin is: Multiple Choice 82.66% 17.34% 1.73% 5.77% 577.0%
Martinez Corporation reported net sales of $773,000, net income of $134,000, and total assets of $7,714,260. The profit margin is: Multiple Choice 82.66% 17.34% 1.73% 5.77% 577.0%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Martinez Corporation reported net sales of $773,000, net income of $134,000,
and total assets of $7,714,260. The profit margin is:
Multiple Choice
82.66%
17.34%
1.73%
5.77%
577.0%
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