From the Information Provided, Calculate Giuseppe's Profit Margin Ratio for Each

question 16

Essay

From the information provided, calculate Giuseppe's profit margin ratio for each of the three years. Comment on the results, assuming that the industry average for the profit margin ratio is 6% for each of the three years.
$\begin{array}{lrccc}&2017&2016&2015\\\text { Net income } & \$ 2,630 & \$ 2,100 & \$ 1,850 \\\text { Net Sales } & 36,500 & 32,850 & 31,200 \\\text { Total Assets } & 400,000 & 385,000 & 350,000\end{array}$

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Definitions:

Expert Forecasting

The technique of making predictions about future events or trends based on the knowledge and expertise of specialists in a particular field.

Trend Projection Forecasting

A method of predicting future values by analyzing historical data and identifying patterns or trends over time.

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