A Company Had $6,992,000 in Net Income for the Year

question 250

Multiple Choice

A company had $6,992,000 in net income for the year.Its net sales were $15,200,000 for the same period.Calculate its profit margin.

• A)85.4%.
• B)117.1%.
• C)53.9%.
• D)217.1%.
• E)46.0%.

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