Net sales of Thomas Company is $180,600, cost of goods sold is $144,400, selling expenses are $15,200, general expenses are $22,600, and interest expense is $1,500. Which of the following is the net income (loss) of Thomas Company? a.$3,100 b.$36,200 c.$(3,100) d.$13,600 e.$(1,600)

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A:

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A: Formula: Profit margin = ( Net income / Net sales ) x 100

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A: FCFF is calculated as shown below.

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A:

Q: Need help with this Question

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