MANAGERIAL ACCT W/CONNECT >IC<
MANAGERIAL ACCT W/CONNECT >IC<
15th Edition
ISBN: 9781259405303
Author: Garrison
Publisher: MCG
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Chapter AB, Problem 6P
To determine

Profitability: The profitability also known as the return on sales represents the net profit earned as a percentage of the total turnover.

Margin: Margin means the net profit earned by the business and revenue represents the total sales turnover of the business in a given period.

The use of margin as the numerator and the use of revenue as the denominator in the formula of profitability.

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