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Hammar Corporation's Partial Income Statement Is as Follows

Question 232

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Hammar Corporation's partial income statement is as follows:
Hammar Corporation's partial income statement is as follows: Required: Determine the profit margin. Would you invest in Hammar Corporation? Explain your answer. Required:
Determine the profit margin. Would you invest in Hammar Corporation? Explain your answer.

Correct Answer:

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Profit margin:
Net Income/Sales = $1,228...

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