Andrew's net income was $280,000; its total assets were $1,050,000; and its net sales were $3,500,000. Calculate the company's profit margin ratio.
What will be an ideal response?
Profit Margin Ratio = Net Income/Net Sales
$280,000/$3,500,000 = 8.0%
You might also like to view...
An analytical report always ends by presenting recommendations
What will be an ideal response?
The so-called "China Triangle" includes:
A) Hong Kong, Republic of China, and Singapore B) Republic of China, Taiwan, and Hong Kong C) Republic of China, Taiwan, and South Korea D) Taiwan, Hong Kong, and Republic of China E) Singapore, China, and Republic of China
The document that records the total amount of time spent on a production job is the
a. time card b. job ticket c. labor distribution summary d. personnel action form
Which of the following relationships is not likely or possible to be true?
a. Capacity utilization < Design capacity b. Effective capacity < Design capacity c. Effective capacity > Capacity Utilization d. Capacity utilization > Design capacity