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bonufazy [111]
3 years ago
10

Rappaport Corp.'s sales last year were $385,000, and its net income after taxes was $23,000. What was its profit margin on sales

Business
1 answer:
Marianna [84]3 years ago
5 0

Answer:

5.97%

Explanation:

Profit margin is an example of profitability ratio

profitability ratio  measures the ability of a firm to generate profit from its assets

Profit margin = net income / sales

= $23,000. / $385,000,

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3 years ago
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hichkok12 [17]

Answer: Option A

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A thesis statement should be clearly stated and narrowly focused. False

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