A Company Has Net Income of $130,500

question 54

True/False

A company has net income of $130,500. Its net sales were $1,740,000 and its average total assets were $2,750,000. Its profit margin equals 7.5%.
Profit margin = $130,500/$1,740,000 = 7.5%

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The process of converting information into a particular form, often for communication, storage, or processing, such as encoding a message into language or digital encoding.

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