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? 0 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? 0 Note: Round answer to one decimal place. if necessary. (ex: 10.8%)

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter3: The Adjusting Process

Section: Chapter Questions

Problem 29E

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Question

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? 0
%
Note: Round answer to one decimal place. if necessary. (ex: 10.8%)

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