Use the following information to compute profit margin for each separate company a through e. Net Income
Question:
Use the following information to compute profit margin for each separate company a through e.
Net Income Net Sales
a. $ 4,361 .......$ 44,500
b. 97,706 ....... 398,800
c. 111,281....... 257,000
d. $65,646....... $1,458,800
e. 80,142 ....... 435,500
Which of the five companies is the most profitable according to the profit margin ratio? Interpret that company’s profit margin ratio.
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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