Regal Foods Ltd. had a net loss of $34,210 on sales of $575,000 in Year 4. What was the company's profit margin?

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 was the company's profit margin for this financial accounting question?

Regal Foods Ltd. had a net loss of $34,210 on sales of
$575,000 in Year 4.
What was the company's profit margin?
Transcribed Image Text:Regal Foods Ltd. had a net loss of $34,210 on sales of $575,000 in Year 4. What was the company's profit margin?
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