Explanation Calculate the profit margin ratio for the year 2008. Profit margin ratio = Net income Net sale × 100 = $ 1 , 165 $ 7 , 998 × 100 = 14.57 % The profit margin ratio for the year 2008 is 14.57%. Calculate the profit margin ratio for the year 2007

3rd Edition

ISBN: 9780133791129

Author: Jane L. Reimers

Publisher: Pearson Higher Ed

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Chapter 3, Problem 7YT

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