Following are the financial statements for Starman Corporation for the year ended December 31,2013.Assume that all balance sheet amounts represent both average and ending figures. What is the profit margin for this corporation?
A) 53.3 percent
B) 40.0 percent
C) 22.5 percent
D) 30.0 percent

Question

Following are the financial statements for Starman Corporation for the year ended December 31,2013.Assume that all balance sheet amounts represent both average and ending figures.   What is the profit margin for this corporation?
A) 53.3 percent 
B) 40.0 percent 
C) 22.5 percent 
D) 30.0 percent

Quizplus · Accepted Answer

The Answer of Following are the financial statements for Starman Corporation for the year ended December 31,2013.Assume that all balance sheet amounts represent both average and ending figures.   What is the profit margin for this corporation?
A) 53.3 percent 
B) 40.0 percent 
C) 22.5 percent 
D) 30.0 percent

Following Are the Financial Statements for Starman Corporation for the Year