From the information provided, calculate Giuseppe's profit margin ratio for each of the three years. Comment on the results, assuming that the industry average for the profit margin ratio is 6% for each of the three years.201720162015Net income$ 2,630$ 2,100$1,850Net Sales36,500 32,85031,200Total Assets400,000385,000350,000
What will be an ideal response?
| ? | ? | ? | _2017_ | ? | _2016_ | ? | _2015_ |
| ? | NI | ? | $ 2,630 | ? | $ 2,100 | ? | $ 1,850 |
| Profit margin = | Sales | ? | $36,500 | ? | $32,850 | ? | $31,200 |
| ? | ? | ? | ? | ? | ? | ? | ? |
| ? | ? | ? | 7.2% | ? | 6.4% | ? | 5.9% |
Analysis comment: The profit margin has increased in all three years and has exceeded the industry average in the last two years. These results reflect positively on Giuseppe and its trend in profitability.
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