A business had $6,940,000 in net income for the year.Its net sales were $14,600,000 for the same

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A business had $6,940,000 in net income for the year. Its net sales were $14,600,000 for the same period.

Calculate profit margin.

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Posted Date: Apr 27, 2023 07:14 AM

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A business had $6,940,000 in net income for the year.Its net sales were $14,600,000 for the same

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The profit margin is calculated as Profit Mar... View the full answer

Understanding Financial Accounting

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