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aleksandrvk [35]
3 years ago
12

A company has net income of $130,500. Its net sales were $1,740,000 and its total assets were $2,750,000. Its profit margin equa

ls 7.5%.
Business
1 answer:
alexgriva [62]3 years ago
8 0

Answer:

True

Explanation:

The profit margin calculation is shown below:

= (Net income ÷ net sales) × 100

= ($130,500 ÷ $1,740,000) × 100

= 7.5%

We simply divide net income by net sales in order to achieve the gross profit margin. This indicates a correlation between net income or net income and net sales.  

All other information provided is irrelevant. Therefore, it was ignored

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Answer:

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wlad13 [49]

Answer:

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Explanation:

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