Calculate the profit margin Suppose that the Outback Mining Company had sales of$4,558,780 and net income of $314,155 for the year ending 30June 2010.Calculate the Profit Margin. Answer this accounting problem.

Sales = $4,558,780 Net Income = $314,155 Profit Margin = Net Income / Sales Profit Margin = $314,155…

Answered: Suppose that the Outback Mining Company…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter5: Evaluating Operating And Financial Performance

Section: Chapter Questions

Problem 7EP

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Suppose that the Outback Mining Company had sales of $4,558,780 and net income of $314,155 for the year ending 30 June 2010. Calculate the Profit Margin. Answer this accounting problem.