Reynolds and Sons Jewelers recorded $ 175,600 in net sales for the year ended December 31, 2010. During that same year, Reynolds recorded $ 43,900 in net income. Cumulative retained earnings at the end of the year totaled $ 54,200, and $ 12,600 of dividends were declared for the period.

Calculate Reynolds' profit margin for the period.

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Answer rating: 100% (QA)

Reynolds profit margin for the period was 25 E... View the full answer