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What is my profit margin ratio if my net income is $294 and my net sales is $3800
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42 votes
42 votes
What is my profit margin ratio if my net income is $294 and my net sales is $3800

User Heidi
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1 Answer

16 votes
16 votes

Answer:

Explanation: Net Sales = $3800

Net income= $294

Profit margin ratio= Net income/Net sales x 100

=$294/$3800 x 100

=7.73%

User VanTanev
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