Akers Corporation reported net income $48,000; net sales $480,000; and average assets $800,000 for 2014. What is the 2014 profit margin?
A) 6%
B) 10%
C) 48%
D) 60%
Correct Answer:
Verified
Q182: A successful discount retail store such as
Q184: The current ratio would be of most
Q201: The use of alternative accounting methods
A) is
Q203: Which measure(s) is(are) an evaluation of a
Q204: Bertram Corporation had net income of $325,000
Q204: All of the following may be indicators
Q206: The following amounts were taken from
Q207: The following amounts were taken from
Q210: Net sales are $3,000,000, beginning total assets
Q218: Which situation below might indicate a company
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents