The following information is available for the Wooden Company:
From the information provided,calculate Wooden'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.
Definitions:
Simple Interest
Interest calculated only on the principal amount, or on that portion of the principal amount that remains unpaid.
Income Earned
The total revenue generated from all sources, including sales, services, and investments, before any deductions.
Additional Deposit
An extra amount of money added to an existing account or investment.
Lump Sum
A single payment made at one time, as opposed to a series of payments made over time.
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