1. What is the Profit Margin (both definition and in words)? If the benchmark for operating...

90.2K

Verified Solution

Question

Finance

1. What is the Profit Margin (both definition and in words)? Ifthe benchmark for operating income is 4.67% for the Health Careindustry, how does St. John's compare to this benchmark? What arethe implications to St. John's of this ratio?

Answer & Explanation Solved by verified expert
4.0 Ratings (445 Votes)
Answer Profit margin It is the amount by which revenue exceeds cost in a business It is the difference between income and expenditures Profit margin ratio This ratio tells the percentage of    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

1. What is the Profit Margin (both definition and in words)? Ifthe benchmark for operating income is 4.67% for the Health Careindustry, how does St. John's compare to this benchmark? What arethe implications to St. John's of this ratio?

Other questions asked by students