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The following data are from the financial statements of Burkee Wines, Inc. Total revenues: $3.500.000 Total expenses: $2,800,000 What is the company's profit margin ratio? 96 Note: Round answer to one decimal place. if necessary. (ex: 10.8%)

The following data are from the financial statements of Burkee Wines, Inc. Total revenues: $3.500.000 Total expenses: $2,800,000 What is the company's profit margin ratio? 96 Note: Round answer to one decimal place. if necessary. (ex: 10.8%)

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 53CE: Profitability Ratios The following data came from the financial statements of Israel Company:...
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Profit Margin The following data are from the financial statements of Burkee Wines, Inc. Total revenues: 53,500,000 Total expenses: $2,800,000 What is the company's profit margin ratio? Note: Round answer to one decimal place. if necessary. (ex: 10.8%)
Transcribed Image Text:Profit Margin The following data are from the financial statements of Burkee Wines, Inc. Total revenues: 53,500,000 Total expenses: $2,800,000 What is the company's profit margin ratio? Note: Round answer to one decimal place. if necessary. (ex: 10.8%)
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