During the current year, Sokowski Manufacturing earned income of $270,000 from total sales of $4,500,000 and average capital assets of $12,100,000. What is the sales margin? If required, round your answer to one decimal place. %

During the current year, Sokowski Manufacturing earned income of $270,000 from total sales of $4,500,000 and average capital assets of $12,100,000. What is the sales margin? If required, round your answer to one decimal place. %

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Question

During the current year, Sokowski Manufacturing earned
income of $270,000 from total sales of $4,500,000 and
average capital assets of $12,100,000. What is the sales
margin? If required, round your answer to one
decimal place.

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