Multiple Choice
Bed Bug Inn has annual sales of $137,000.Earnings before interest and taxes is equal to 5.8 percent of sales.For the period,the firm paid $4,700 in interest.What is the profit margin if the tax rate is 34 percent?
A) –2.43 percent
B) 1.56 percent
C) 3.33 percent
D) –5.29 percent
E) –6.11 percent
Correct Answer:
Verified
Correct Answer:
Verified
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