Question
Asked Dec 6, 2019
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Use this information for Mason Corporation to answer the question that follow.
Mason Corporation had $1,058,000 in invested assets, sales of $1,229,000, income from operations amounting to $202,000, and a desired
minimum return of 12%.
Round the percentage to one decimal place.
The profit margin for Mason Corporation is
Oa. 19.1%
Ob. 16.4%
Oc. 86.1%
IC.
Od. 12.0%
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Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,058,000 in invested assets, sales of $1,229,000, income from operations amounting to $202,000, and a desired minimum return of 12%. Round the percentage to one decimal place. The profit margin for Mason Corporation is Oa. 19.1% Ob. 16.4% Oc. 86.1% IC. Od. 12.0%

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Expert Answer

Step 1
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Profit margin: Profit margin ratio is one of the measures that are used in detemining profitability. Profit margin is determined using the below given formula: Net income Profit margin = Net sales

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Step 2

Determine the prof...

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Net income Profit margin Net sales S202,000 -×100 S1, 229, 000 = 16.4%

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