FINANCIAL ACCOUNTING: TOOLS FOR BUSINES
FINANCIAL ACCOUNTING: TOOLS FOR BUSINES
9th Edition
ISBN: 9781119595649
Author: Kimmel
Publisher: WILEY
Question
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Chapter 13, Problem 12Q
To determine

Profit margin ratio: Profit margin ratio is used to determine the percentage of net income that is being generated per dollar of revenue or sales.

Formula: Profit Margin=NetincomeNetrevenue

To determine: The Company’s well being

Given info: Details about profit margin

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