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    Financial and Managerial Accounting Study Set 1
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    Exam 13: Analysis of Financial Statements
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    Martinez Corporation Reported Net Sales of $765,000,net Income of $142,000,and
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Martinez Corporation Reported Net Sales of $765,000,net Income of $142,000,and

Question 89

Question 89

Multiple Choice

Martinez Corporation reported net sales of $765,000,net income of $142,000,and total assets of $7,634,409.The profit margin is:


A) 539.0%.
B) 5.39%.
C) 81.4%.
D) 1.86%.
E) 18.56%.

Correct Answer:

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