Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimalplace.)CompanyNet IncomeNet SalesProfit Margin (%)245,640 $47,000a.92,026418,300C.96.444267,900di68,7381,527,50077,959455,900eWhich of the five companies is the most profitable according to the profit margin ratio?O Company aO Company bO Company cO Company dO Companye

Solution... Profit margin = Net income ÷ Net sales Company a = $5,640 ÷ $47,000 = 0.12 =…

Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal place.) Company Net Income Net Sales Profit Margin (%) a 2$ 5,640 24 47,000 92,026 96,444 68,738 b. 418,300 C. 267,900 1,527,500 455,900 e. 77,959 Which of the five companies is the most profitable according to the profit margin ratio? O Company a O Company b O Company c O Company d O Company e

Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal place.) Company Net Income Net Sales Profit Margin (%) a 2$ 5,640 24 47,000 92,026 96,444 68,738 b. 418,300 C. 267,900 1,527,500 455,900 e. 77,959 Which of the five companies is the most profitable according to the profit margin ratio? O Company a O Company b O Company c O Company d O Company e

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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