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Miller and Associates has total assets of $1,200,000, total equity of $800,000, total sales of $1,500,000, and net income of $45,000. What is the profit margin? a) 2.5 percent b) 3.0 percent c) 4.0 percent d) 2.8 percent e) 5.5 percent

Miller and Associates has total assets of $1,200,000, total equity of $800,000, total sales of $1,500,000, and net income of $45,000. What is the profit margin? a) 2.5 percent b) 3.0 percent c) 4.0 percent d) 2.8 percent e) 5.5 percent

Intermediate Accounting: Reporting And Analysis
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 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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what is the profit margin ? for general accounting question

Miller and Associates has total assets of $1,200,000, total equity of $800,000, total sales of $1,500,000, and net income of $45,000. What is the profit margin? a) 2.5 percent b) 3.0 percent c) 4.0 percent d) 2.8 percent e) 5.5 percent
Transcribed Image Text:Miller and Associates has total assets of $1,200,000, total equity of $800,000, total sales of $1,500,000, and net income of $45,000. What is the profit margin? a) 2.5 percent b) 3.0 percent c) 4.0 percent d) 2.8 percent e) 5.5 percent
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