Hammar Corporation's Partial Income Statement Is as Follows ​
Required:
Determine the Profit Margin

Essay

Hammar Corporation's partial income statement is as follows: $$\begin{array} { l r } \text { Sales } & \$ 2,400,000 \\\text { Cost of sales } & 900,000 \\\text { Selling expenses } & 121,600 \\\text { General and admin. expenses } & 150,000\end{array}$$ ​
Required:
Determine the profit margin.Would you invest in Hammar Corporation? Explain your answer.