Question: Profit Margin Consider the following financial statement data for Hi-Tech Instruments: * $25.00 par value; 2,000,000 shares Calculate the company's profit margin. Note: Round answers

* $25.00 par value; 2,000,000 shares Calculate the company's profit margin. Note:

Profit Margin Consider the following financial statement data for Hi-Tech Instruments: * $25.00 par value; 2,000,000 shares Calculate the company's profit margin. Note: Round answers to one decimal place, when appropriate (dividend yield example: 0.0345555=3.5% ). Compare the result to the industry average. The company's profit margin ratio is than the industry's average

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