Use the following information to calculate the profit margin on sales ratio for the two years provided.

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Use the following information to calculate the profit margin on sales ratio for the two years provided. Is the change from 2010 to 2011 positive or negative?Why?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:21 PM

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Use the following information to calculate the profit margin on sales ratio for the two years provided.

Question:

For the year ended December 31, 2011 $6,626.5 377.2 For the year ended December 31, 2010 Net sales Net income $5,567.1 $ 201.4

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Profit margin ratio Net incomeNet sales Net sales Net income PM Ratio For ...View the full answer

Financial Accounting: A Business Process Approach

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