FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The Denali Corporation has income from operations of $125,000, invested assets of $750,000, and sales of $1,600,000. What is the profit margin? a. 7.8% b. 16.7% c. 10.2% d. 21.3%
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Transcribed Image Text:The Denali Corporation has income from operations of $125,000, invested assets of $750,000, and sales of $1,600,000. What is the profit margin? a. 7.8% b. 16.7% c. 10.2% d. 21.3%
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