Following are the financial statements for Flynn Corporation for the year ended December 31,20x5.Assume that all balance sheet amounts represent both average and ending figures.
-What is the profit margin for this corporation? Round your answer to one decimal place.
A)22.5 percent
B)30.0 percent
C)40.0 percent
D)53.3 percent

Question

Following are the financial statements for Flynn Corporation for the year ended December 31,20x5.Assume that all balance sheet amounts represent both average and ending figures.  
-What is the profit margin for this corporation? Round your answer to one decimal place.
A)22.5 percent 
B)30.0 percent 
C)40.0 percent 
D)53.3 percent

Quizplus · Accepted Answer

The profit margin is calculated as (Net Income / Revenue) * 100. Without specific numbers for net income and revenue, we cannot calculate an exact profit margin. However, given the choices, if this is in response to a specific calculation that was supposed to be provided with numbers, the correct answer would be based on those calculations. Since no numbers are provided, no specific calculation can be made, making it impossible to determine the correct choice based on the information given. The choice "A" is selected as a placeholder without the context of numerical data.

Following Are the Financial Statements for Flynn Corporation for the Year