Profit Margin The following data are from the financial statements of Burkee Wines, Inc. Total revenues: $3,500,000 Total expenses: $2,800,000 What is the company's profit margin ratio? Note: Round answer to one decimal place. if necessary. (ex: 10.8%)
Profit Margin The following data are from the financial statements of Burkee Wines, Inc. Total revenues: $3,500,000 Total expenses: $2,800,000 What is the company's profit margin ratio? Note: Round answer to one decimal place. if necessary. (ex: 10.8%)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![**Profit Margin**
The following data are from the financial statements of Burkee Wines, Inc.
- **Total revenues:** $3,500,000
- **Total expenses:** $2,800,000
What is the company's profit margin ratio? [ ] %
*Note: Round answer to one decimal place, if necessary. (ex: 10.8%)*](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11ff9f03-4cfd-4604-9eab-3af23331f424%2Fa8414904-1fab-479e-a114-c55798aeec35%2F1l2g9k_processed.png&w=3840&q=75)
Transcribed Image Text:**Profit Margin**
The following data are from the financial statements of Burkee Wines, Inc.
- **Total revenues:** $3,500,000
- **Total expenses:** $2,800,000
What is the company's profit margin ratio? [ ] %
*Note: Round answer to one decimal place, if necessary. (ex: 10.8%)*
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