Question: Profit Margin Calculation for Procter & Gamble Co. : Compute the profit margin for Procter & Gamble Co. for the fiscal year 2023 using the

ยทProfit Margin Calculation for Procter & Gamble Co.:

Compute the profit margin for Procter & Gamble Co. for the fiscal year 2023 using the following information:

  • Net Income: $50,000,000
  • Net Sales Revenue: $300,000,000

Requirement: Determine the profit margin for Procter & Gamble Co. and assess its profitability relative to sales.

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