Ocean Breeze Café reports a net income of $180,000, sales of $1,800,000, and average assets of $850,000. What is the profit margin? A) 50.6% B) 15.8% C) 10% D) 9.2%
Ocean Breeze Café reports a net income of $180,000, sales of $1,800,000, and average assets of $850,000. What is the profit margin? A) 50.6% B) 15.8% C) 10% D) 9.2%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Ocean Breeze Café reports a net income of $180,000, sales of $1,800,000, and
average assets of $850,000. What is the profit margin?
A) 50.6%
B) 15.8%
C) 10%
D) 9.2%
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