Do not enter your number as a percentage. 265% =2.65 25% = .25. Round to three digits. Your Company had total assets of $1,275,000. Revenue (net sales) was $850,000 and total expenses were $500,000. What is its profit margin ratio?

Do not enter your number as a percentage. 265% =2.65 25% = .25. Round to three digits. Your Company had total assets of $1,275,000. Revenue (net sales) was $850,000 and total expenses were $500,000. What is its profit margin ratio?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 11PROB

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Question

Do not enter your number as a percentage. 265%
-2.65 25% = .25. Round to three digits.
Your Company had total assets of $1,275,000. Revenue (net
sales) was $850,000 and total expenses were $500,000.
What is its profit margin ratio?

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