Question: Using the Income Statement below, what is the Profit Margin (PM): Sales: $30,710 Cost of goods sold: $18,470 Depreciation: $6,132 Interest: $744 Taxes: $1,824 Net

Using the Income Statement below, what is the Profit Margin (PM):

Using the Income Statement below, what is the Profit Margin (PM): Sales: $30,710 Cost of goods sold: $18,470 Depreciation: $6,132 Interest: $744 Taxes: $1,824 Net income: $3,540 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 0.92 b 0.11 1.01 d 1.91

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

answer the grey part Calibri 12 - M AA === Paste BIU v v Clipboard Font La Alignm F6 X fx 15 D E Cash from Operating Ac Depreciation Expense Change in Accounts R Change in Inventory Change in...

Data Table X - !! Question ent analys al statemer ndustries' 2018 and 2019 the company's o B $160,000 106,300 $53,700 | (Rour over is Zach Industries Income Statement for the Year Ended December, 31,...

$159,600 106,400 $53,200 Zach Industries Income Statement for the Year Ended December, 31, 2019 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General...

29 2018 Vertical (a) Complete the Horizontal & Vertical Analysis on the Balance Sheet Below: December Horizontal Analysis Balance Sheet 2018 2017 Change % Change Cash $ 54,000 $ 37.000 Accounts...

Need help with the Statement of Stockholder Equity!! Please & Thank you! Common Additional Paid-in- Retained Total Balance, Beginning of Period Issue of Common Stock Cash Dividends Net Income...

Please upload with excel functions as well thank you For this assignment you will use the financial statements and Excel template provided in Canvas (each section of ACCTG 231 is assigned a different...

Use Excel skills to calculate and fill out all the blank in this file. I got trouble in those. If you can help me, I am really appreciate it. thank again. FIN2304 Chapters 2&3 In-Class Quiz 2012...

the yellpw spots are what we have to fill in. please show the formula and not just the answer. Paste BIU.E.A. Clipboard Font Alignment A1 X fx Thornton Company F A B D E Thornton Company 2 Income...

G H L M A Byte of Accounting, Inc. Income Statement For Year Ending December 31, 2020 Revenues Sales Revenue $ 455,511.00 Cost of Goods Sold S 227,711.00 Gross Profit S 227,800.00 Operating Expenses...

Mountain Sports Ltd. Income Statement For the Year Ended Dec 31, 2019 Sales 1,848,625 724,661 Cost of goods sold Gross margin 1,123,964 Operating expenses: (See notes) Advertising Depreciation...

A jet pilot takes his aircraft in a vertical loop (Fig. 5-43). (a) If the jet is moving at a speed of 1300km/h at the lowest point of the loop, determine the minimum radius of the circle so that the...

Your car's wheels are 65 cm in diameter and the wheels are spinning at an angular velocity of 101 rad/s. How fast is your car moving in kilometers per hour (assume no slippage)?

Choose the correct statement ( s ) regarding an auditor's final assessment, near the end of an audit, of significant accounting estimates made by management: Multiple Choice Recalculating most...

(c) Why might a venture capitalist be keen to invest in a company that has already received a first round of business angel investment? (5 marks) (d) Explain why an anti-dilution clause might be...

Write formal and informal proposals.

Describe the components of a formal report.

Write formal and informal reports.