Question: Exercise 3-13 Computing and interpreting profit margin LO A1 Use the following information to compute profit margin for each separate company a through e .

Exercise 3-13 Computing and interpreting profit margin LO A1

Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal place.)

Company Net Income Net Sales Profit Margin (%)
a. $6,372 $50,570
b. 101,716 450,073
c. 105,499 288,249
d. 83,820 1,643,525
e. 86,824 490,529

Which of the five companies is the most profitable according to the profit margin ratio?

  • Company a

  • Company b

  • Company c

  • Company d

  • Company e

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