Davis Corporation Reported Net Income $36,000, Net Sales $400,000, and Average

question 30

Multiple Choice

Davis Corporation reported net income $36,000, net sales $400,000, and average assets $800,000 for 2010. The 2010 profit margin was:

• A) 4.5%.
• B) 9%.
• C) 50%.
• D) 200%.

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Participatory

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