The profit margin is closest to Select one: OA. 19%. OB. 2%. OC. 30%. OD. 89%.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the following information for the question(s) below.
$ 50,000
35,000
5,500
350,000
245,000
450,000
255,000
Revenues
Cost of goods sold
Operating expenses
Beginning assets
Beginning liabilities
Ending assets
Ending liabilities
The profit margin is closest to
Select one:
OA. 19%.
OB. 2%.
C. 30%.
O D. 89%.
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