Plano Corporation reported net income ($ 24,000), net sales ($ 400,000), and average assets ($ 600,000) for
Question:
Plano Corporation reported net income \(\$ 24,000\), net sales \(\$ 400,000\), and average assets \(\$ 600,000\) for 2025 . What is the 2025 profit margin?
a. \(6 \%\).
b. \(12 \%\).
c. \(40 \%\).
d. \(200 \%\).
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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