The Following Information Is Available for Hatter Co From the Information Provided,calculate Hatter's Profit Margin Ratio for Each

question 426

Essay

The following information is available for Hatter Co.
$$\begin{array} { | l | l | l | l | } \hline & 2017 & 2016 & 2015 \\\hline \text { Net income } & 2,500 & 1,700 & 1,900 \\\hline \text { Net sales } & 37,000 & 35,000 & 32,000 \\\hline \text { Total assets } & 420,000 & 395,000 & 375,000 \\\hline\end{array}$$
From the information provided,calculate Hatter's profit margin ratio for each of the three years.In 2016,economic conditions and a slowing economy impacted the results of operations.Comment on the results,assuming that the industry average for the profit margin ratio is 7% for each of the three years.

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Definitions:

Transportation

The movement of people, animals, goods, and materials from one location to another through various means, such as vehicles, trains, ships, and airplanes.

Developed Countries

Nations with advanced economic systems, higher standards of living, and stable governments.

Healthcare Costs

The expenses related to medical and health services, including prevention, diagnosis, treatment, and management of illnesses.

Medical Insurance Companies

Businesses that provide coverage for healthcare expenses to individuals or groups in exchange for premium payments.