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Hammar Corporation's Partial Income Statement Is as Follows ​
Required:
Determine the Profit Margin

question 121

Essay

Hammar Corporation's partial income statement is as follows:  Sales $2,400,000 Cost of sales 900,000 Selling expenses 121,600 General and admin. expenses 150,000\begin{array} { l r } \text { Sales } & \$ 2,400,000 \\\text { Cost of sales } & 900,000 \\\text { Selling expenses } & 121,600 \\\text { General and admin. expenses } & 150,000\end{array}
Required:
Determine the profit margin.Would you invest in Hammar Corporation? Explain your answer.


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