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maksim [4K]
2 years ago
5

A division reports the following figures: Sales = $14,000; Net income = $2,800; Average assets = $28,000. The division's profit

margin is
Business
1 answer:
Anastasy [175]2 years ago
8 0

The division's profit margin is 0.20.

<h3>What is the profit margin?</h3>

Profit margin is an example of a profitability ratio. Profitability ratios measures the efficiency with which a company generates profit from its asset

Profit margin = gross profit /  sales

2800 / 14,000 = 0.20

To learn more about financial ratios, please check: brainly.com/question/26092288

#SPJ1

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