Wayne4962 Wayne4962
  • 05-09-2019
  • Business
contestada

Richard's Sporting Goods reports net income of $150,000, net sales of $520,000, and average assets of $1,600,000. The profit margin is:

Respuesta :

PGAMUKAMA
PGAMUKAMA PGAMUKAMA
  • 07-09-2019

Answer:

28.8%

Explanation:

Profit margin = (Net income or profit / Net sales) X 100%

                      =( $150,000/ $520,000) x 100%

                       = 28.8%

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