Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company had $7,000,000 in net income for the yea

A company had $7,000,000 in net income for the year. Its net sales were $15,...

50.1K

Verified Solution

Question

Accounting

image
A company had $7,000,000 in net income for the year. Its net sales were $15, 200,000 for the same period. Calculate its profit margin. 85.4% 53.9% 217.1% 46.1%

Answer & Explanation Solved by verified expert
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

Other questions asked by students