TB MC Qu. 12-104 (Static) Excerpts from Andre Company's December... Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented b Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2024 2023 $40,000 $36,000 28,000 35,000 190,000 186,000 114,000 108,000 405,000 225,000 28,000 425,000 240,000 32,500 What is the profit margin for 2024? (Round your answer to one decimal place.)
TB MC Qu. 12-104 (Static) Excerpts from Andre Company's December... Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented b Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2024 2023 $40,000 $36,000 28,000 35,000 190,000 186,000 114,000 108,000 405,000 225,000 28,000 425,000 240,000 32,500 What is the profit margin for 2024? (Round your answer to one decimal place.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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