A company had $7,000,000 in net income for the year. Its net sales were $15,200,000 for the same period. Calculate its profit margin.
A) 85.4%.
B) 46.1%.
C) 53.9%.
D) 217.1%.
E) 117.1%.

Name: A company had $7,000,000 in net income for the year. Its net sales were $15,200,000 for the same period. Calculate its profit margin. A) 85.4%. B) 46.1%. C) 53.9%. D) 217.1%. E) 117.1%.
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Question

Quizplus · Accepted Answer

Profit margin = Net income / Net sales * 100= 7,000,000 / 15,200,000 * 100= 0.461 * 100= 46.1%

A Company Had $7,000,000 in Net Income for the Year