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GEN COMBO MANAGERIAL ACCOUNTING FOR MANAGERS; CONNECT 1S ACCESS CARD
4th Edition
ISBN: 9781259911682
Author: Eric Noreen
Publisher: McGraw-Hill Education
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Chapter B, Problem B.6P
1.
To determine
Concept Introduction:
Profit margin ratio:
Profit margin is one of the profitability ratios used in the ratio analysis. This ratio indicates the percentage of net income earned over net sales.
To evaluate: the use of margin as profitability measure.
2.
To determine
Concept Introduction:
Profit margin ratio:
Profit margin is one of the profitability ratios used in the ratio analysis. This ratio indicates the percentage of net income earned over net sales.
To evaluate: the use of revenue in the denominator of the profitability measure.
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