For 2019 Carman Ltd reported profit ($48) 000; net sales ($400) 000; and average assets ($800) 000.
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For 2019 Carman Ltd reported profit \($48\) 000; net sales \($400\) 000; and average assets \($800\) 000. What was the 2019 profit margin?
(a) 6%.
(b) 12%.
(c) 40%.
(d) 200%.
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ISBN: 9780730363279
6th Edition
Authors: Shirley Carlon
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