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Arisa [49]
3 years ago
8

Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit mar

gin.
Business
1 answer:
spin [16.1K]3 years ago
5 0
<span>Damita company reported net income of $48,025 and net sales of $425,000 for the current year.calculate the company's profit margin.

 We have
 net sales = $425,000
 and
 net income=$48,025
 profit margin=net income/net sales * 100
=48025/425000 * 100 = 11.3%
 Ans = profit margin = 11.3%</span>
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