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 Sales 36,50032,85031,200Total 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% |
| ? | ? | ? | ? | ? | ? | ? | ? |
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What will be an ideal response?
Which of the following is true of general and limited partners in a limited partnership?
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