How do you find the profit margin when given this information? Revenue: $1000 Expenses: $900 Total Assets: $1500 Total Liabilites: $500 Is there a specific formula?
How do you find the profit margin when given this information? Revenue: $1000 Expenses: $900 Total Assets: $1500 Total Liabilites: $500 Is there a specific formula?
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 1QY: What is the term used for the profit on a sale before any operating expenses have been deducted? a....
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How do you find the profit margin when given this information?
Revenue: $1000
Expenses: $900
Total Assets: $1500
Total Liabilites: $500
Is there a specific formula?
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