General Accounting Question solution need with given option and provide it correctly Question:Green Grove reports a net income of $180,000,sales of $2,000,000, and average assets of$1,000,000. What is the profit margin?a. 9%b. 12%c. 15%d. 18%

Step 1: Definition of Profit Margin :Profit margin is a financial metric that measures the…

Answered: Question: Green Grove reports a net…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

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If Net sales $200,000, Cost of goods sold 90,000, Operating expenses 80,000, Net income10,000, Total assets 180,000, Total liabilities 120,000, Cash flow from operating activities 5,000, Happy Valley's operating profit margin is: Operating Income/Net sales Select one: a. 40% b.5% c. 55% d. 15%
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Question: Green Grove reports a net income of $180,000, sales of $2,000,000, and average assets of $1,000,000. What is the profit margin? a. 9% b. 12% c. 15% d. 18%