Multiple Choice
Refer to the following information to answer the question(s) regarding Port Royal:
Net Sales $927,641
Gross Profit $301,483
Net Profit $48,457
Total Assets $203,869
Total Liabilities $74,325
-Port Royal's profit margin on sales is ________ percent.
A) 5.2
B) 32.5
C) 16.1
D) 8.0
Correct Answer:
Verified
Correct Answer:
Verified
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