Homework Help is Here – Start Your Trial Now!
Business
Accounting
Mountain View Restaurant reports a net income of $210,000, sales of $2,100,000, and average assets of $1,050,000. What is the profit margin? A) 20% B) 10% C) 12.5% D) 15%

Mountain View Restaurant reports a net income of $210,000, sales of $2,100,000, and average assets of $1,050,000. What is the profit margin? A) 20% B) 10% C) 12.5% D) 15%

Principles of Accounting Volume 2
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...
See similar textbooks
icon
Related questions
Question

What is the profit margin? Give me fast answer please

Mountain View Restaurant reports a net income of $210,000, sales of $2,100,000, and average assets of $1,050,000. What is the profit margin? A) 20% B) 10% C) 12.5% D) 15%
Transcribed Image Text:Mountain View Restaurant reports a net income of $210,000, sales of $2,100,000, and average assets of $1,050,000. What is the profit margin? A) 20% B) 10% C) 12.5% D) 15%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SEE MORE TEXTBOOKS