Andrew's Net Income Was $280,000; Its Total Assets Were $1,050,000;

question 203

Essay

Andrew's net income was $280,000; its total assets were $1,050,000; and its net sales were
$3,500,000. Calculate the company's profit margin ratio.

---

Definitions:

Visual Media

Forms of communication that use visual elements, such as images, videos, or graphics, to convey information or messages.

Written Media

Forms of communication and expression that involve writing, ranging from books and newspapers to emails and social media posts.

Mobile Devices

Portable electronic gadgets, such as smartphones and tablets, that allow users to access, store, transmit, and manipulate information.

Business Communication

The process of sharing information within and outside of an organization to achieve business objectives.