Plano Corporation reported net income $24,000, net sales $400,000, and average assets $600,000 for 2019. What is
Question:
Plano Corporation reported net income $24,000, net sales $400,000, and average assets $600,000 for 2019.
What is the 2019 profit margin?
(a) 6%.
(b) 12%.
(c) 40%.
(d) 200%.
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Related Book For
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
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