Use the information from Exercise to calculate Resource Trucking Company€™s profit margin. Interpret the profit margin for this company (assume the industry average is 15%).
In Exercise

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Account Title Debit Credit Accounts receivable .. Office supplies. Trucks $ 5,800 17,500 3,000 56,000 $ 32,136 Land Accounts payable.. Interest payable Long-term notes payable Common stock Retained earnings... . Dividends Trucking fees earned Depreciation expense Trucks Salaries expense... Office supplies expense Repairs expense-Trucks Totals 85,000 9,800 4,000 53,000 86,90 75,000 20,000 121,000 20,727 56,749 6,655 10,406 $381,837 $381,837