The Sugar Shack reports net income of $250,000, sales of $7,500,000, and average assets of $730,000. What is the profit margin?
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The sugar shack reports net income
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- The Sugar Shack reports net income of $250,000, sales of $7,500,000, and average assets of $730,000. What is the profit margin?what is the gross profit?Marino Company has provided the following information: Net sales, $480,000 Net income, $24,000 Average total assets, $200,000 What is Marino's net profit margin?
- If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income?Answer? ? Financial accountingCalculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.