Farmers' Net Income Was $740,000 and Its Net Sales Were

question 217

Essay

Farmers' net income was $740,000 and its net sales were $8,000,000. Calculate its profit margin ratio.

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Definitions:

Fatalism

The belief that all events are predetermined and therefore inevitable, often leading to a sense of powerlessness.

First Nation

A term used in Canada to refer to indigenous peoples, specifically those that are not Inuit or Métis.

Hispanic

A term used to describe people, cultures, or countries historically linked to Spain, especially those countries or regions colonized by Spain in the Americas.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy, most notably through the decennial census.