Answered: A company reported net income of $4,805…

A company reported net income of $4,805 for October. Its net sales for October were $15,500. Its profit margin is: Multiple Choice 7%. O ( 31%. 3%. 323%. 200%.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Question

A company reported net income of $4,805 for October. Its net sales for October were $15,500. Its profit margin is:
Multiple Choice
7%.
O
31%.
3%.
323%.
200%.

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