Multiple Choice
The following information comes from Simon Company's year-end financial statements: Sales $250,000, Cost of goods sold $100,000, Net income $12,500 and Total assets $187,500.The profit margin ratio for the year is closest to?
A) 5%
B) 6.6%
C) 40 %
D) 12.5%
Correct Answer:
Verified
Correct Answer:
Verified
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