Assume the Following Data: EBIT = 400; Tax = 100;

question 39

Multiple Choice

Assume the following data: EBIT = 400; Tax = 100; Sales = 3,000; Average total assets = 1,500.Calculate the profit margin.

• A)10 percent
• B)18.3 percent
• C)7.5 percent
• D)26.7 percent

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