What is the calculation for 'Profit Margin' for the firm in that picture? INCOMESTATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016GroupCompany2016201520162015NoteRM'000RM'000RM’000RM'000Revenue1,841,4791,749,86640,000100,000Cost of sales4(1,330,998)(1,224,705)Gross profit510,481525,16140,000100,000Other income68,118117,604101,45482,176Selling and distribution expenses(86,685)(144,845)Other expenses(274,054)(204,843)(19,480)(53,782)Operating profit217,860293,077121,974128,394Finance costs(75,992)(73,868)(110,492)(88,685)Share of results of associates14,57611,811Share of results of joint ventures61,204112,019Profit before zakat and income tax217,648343,03911,48239,709Zakat7(4,719)(8,662)Income tax (expense)/credit8(64,590)(77,387)45169Profit for the year148,339256,99011,52739,878Attributable to:Owners of the parent147,302257,21211,52739,878Non-controlling interests1,037(222)148,339256,99011,52739,878Earnings per share attributable to owners ofthe parent (sen):Basic, for profit for the year103.05.7Diluted, for profit for the year102.65.5 STATEMENTS OFFINANCIAL POSITIONAS AT 31 DECEMBER 2016GroupCompany2016201520162015NoteRM'000RM'000RM'000RM'000AssetsNon-current assetsProperty, plant and equipment11300,036234,067Investment properties12647,525640,975Land held for property development134,019,5813,269,275Investment in subsidiaries144,531,2474,530,910Interests in associates15492,391487,8351,1701,170Interests in joint ventures16(a)1,079,7531,143,774419,517419,517Amount due from joint ventures16(b)235,65272,69755,495Amount due from subsidiaries242,126,757Other investments17Goodwill18621,409621,409Deferred tax assets20254,971221,044222169Long term receivables2343,49154,8497,694,8096,745,9257,134,4084,951,766Current assetsProperty development costs212,635,3552,281,634Inventories22585,244403,099Receivables231,710,0271,219,50043,438387,694Amount due from subsidiaries24856,3331,940,833Amount due from joint ventures16(b)98,755239,63582,028130,348Short term investments2587Cash, bank balances and deposits19788,5421,005,60079,6966,5705,817,9315,149,4751,061,4952,465,445Asset held for sale2611,230Total assets13,523,97011,895,4008,195,9037,417,211

Information Provided: 2015 net profit = 39,878 2015 Revenue = 100,000 2016 net profit = 11,527…

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What is the calculation for 'Profit Margin' for the firm in that picture?

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

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

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

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15.17EX: Profitability ratios The following selected data were taken from the financial statements of...

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