Question: Use the following information to calculate the profit margin on sales ratio for the two years given. Is the trend positive ornegative? For the year
Use the following information to calculate the profit margin on sales ratio for the two years given. Is the trend positive ornegative?
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For the year ended For the year ended March 31, 2010 March 31, 2009 Net sales Net income $45,015 1,003 $40,023 $1,407
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