Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Profit margin?

A company reported the following financial
data for the year:
⚫ Net Sales: $920,000
•
Net Income: $78,000
What is the profit margin?
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Transcribed Image Text:A company reported the following financial data for the year: ⚫ Net Sales: $920,000 • Net Income: $78,000 What is the profit margin?
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