Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN: 9781305961883
Author: Carl Warren
Publisher: Cengage Learning
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Problem 11-24 Accounting
A company has total revenue of $800,000 and a net income of $160,000. What
is the net profit margin?
A) 15%
B) 18%
C) 20%
D) 25%
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Transcribed Image Text:Problem 11-24 Accounting A company has total revenue of $800,000 and a net income of $160,000. What is the net profit margin? A) 15% B) 18% C) 20% D) 25%
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Survey of Accounting (Accounting I)
Accounting
ISBN:9781305961883
Author:Carl Warren
Publisher:Cengage Learning