12. ABC Co. has net income of $15,000 and sales of $150,000. The netprofit margin ratio for the company is:a) 10%O b) 15%c) 5%O d) 8.5%e) None of the above

Net profit margin = Net income / sales

Answered: 12. ABC Co. has net income of $15,000…

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12. ABC Co. has net income of $15,000 and sales of $150,000. The ne profit margin ratio for the company is: a) 10%

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...

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12. ABC Co. has net income of $15,000 and sales of $150,000. The net
profit margin ratio for the company is:
a) 10%
O b) 15%
c) 5%
O d) 8.5%
e) None of the above

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