Calculate the profit margin (net income / sales) for the firm below. Sales 1400, COGS $1,200, Depreciation $800, Interest $500, Net Income 300, Total Assets $5,000

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Calculate the profit margin (net income / sales) for the firm below.

Sales 1400,

COGS $1,200,

Depreciation $800,

Interest $500,

Net Income 300,

Total Assets $5,000

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