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Use This Balance Sheet and Income Statement to Answer the Following

Question 122

Multiple Choice

Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios. Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios. The profit margin of Isanti Systems is A) 60 percent. B) 25 percent. C) 20 percent. D) 12 percent. Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios. The profit margin of Isanti Systems is A) 60 percent. B) 25 percent. C) 20 percent. D) 12 percent. The profit margin of Isanti Systems is


A) 60 percent.
B) 25 percent.
C) 20 percent.
D) 12 percent.

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