Martinez corporation reported net sales of $775,000 and net income of $132,000. the profit margin is:

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asked Jun 2, 2019 151k views

1 Answer

Mor Shemesh · Answer 1 · 2019-06-05T20:22:33+0000

The profit margin is the net income divided by net sales.
Net income = $132, 000
Net sales = $775, 000
Profit margin = $132, 000/ $775, 000 = 0.1703 = 17.03%

Martinez corporation reported net sales of $775,000 and net income of $132,000. the profit margin is:

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