Hopper,Inc.
Use the information from Hopper,Inc.to answer the following question.

$$\begin{array} { l r r }
& \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \
\text { Operating revenues } & \$ 1,900,000 & \$ 1,600,000 \
\text { Operating expenses } & 1,400,000 & 1,100,000 \
\text { Income taxes } & 200,000 & 200,000
\end{array}$$
-Read the information about Hopper,Inc.Which ratio are you able to calculate given only the information provided by Hopper?
A)Profit margin
B)Current ratio
C)Working capital
D)Gross profit percentage

Question

Hopper,Inc.
Use the information from Hopper,Inc.to answer the following question.
​
 $$\begin{array} { l r r } 
& \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \
\text { Operating revenues } & \$ 1,900,000 & \$ 1,600,000 \
\text { Operating expenses } & 1,400,000 & 1,100,000 \
\text { Income taxes } & 200,000 & 200,000
\end{array}$$ ​
-Read the information about Hopper,Inc.Which ratio are you able to calculate given only the information provided by Hopper?
A)Profit margin
B)Current ratio
C)Working capital
D)Gross profit percentage

Quizplus · Accepted Answer

Profit margin can be calculated using the formula: Profit Margin = (Net Income / Revenue) * 100. The net income can be determined by subtracting operating expenses and income taxes from operating revenues for each year, which is all the information provided. The other ratios require additional information not given in the table.

Hopper,Inc ​ -Read the Information About Hopper,Inc

Hopper,Inc
-Read the Information About Hopper,Inc