Refer to the following information to answer the question(s)regarding Port Royal:
Net Sales $927,641
Gross Profit $301,483
Net Profit $48,457
Total Assets $203,869
Total Liabilities $74,325
-Port Royal's profit margin on sales is ________ percent.
A)5.2
B)32.5
C)16.1
D)8.0

Question

Quizplus · Accepted Answer

Profit margin on sales is calculated as (Net Profit / Net Sales) * 100. For Port Royal, it is ($48,457 / $927,641) * 100 = 5.2%.

Refer to the Following Information to Answer the Question(s)regarding Port