Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios.

-The profit margin for Cane Construction is
A)30 percent.
B)75 percent.
C)60 percent.
D)27 percent.

Question

Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. 
 
-The profit margin for Cane Construction is
A)30 percent. 
B)75 percent. 
C)60 percent. 
D)27 percent.

Quizplus · Accepted Answer

The Answer of Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. 
 
-The profit margin for Cane Construction is
A)30 percent. 
B)75 percent. 
C)60 percent. 
D)27 percent.

Use This Balance Sheet and Income Statement for the First