-Calculate C Co's profit margin ratio for 20X2 and 20X1 respectively.
A) 69.7% and 70.4%
B) 19.3% and 27.6%
C) 20.1% and 26.4%
D) 12.3% and 18.8%

Name: -Calculate C Co's profit margin ratio for 20X2 and 20X1 respectively. A) 69.7% and 70.4% B) 19.3% and 27.6% C) 20.1% and 26.4% D) 12.3% and 18.8%
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

-Calculate C Co's profit margin ratio for 20X2 and 20X1 respectively.
A) 69.7% and 70.4% 
B) 19.3% and 27.6% 
C) 20.1% and 26.4% 
D) 12.3% and 18.8%

Quizplus · Accepted Answer

Calculation: $2,431 ÷ $19,805 = 12.3%; $3,533 ÷ $18,813 = 18.8%.

-Calculate C Co's Profit Margin Ratio for 20X2 and 20X1