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The 2017 Income Statement of Nasir Inc

Question 113

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The 2017 income statement of Nasir Inc.shows operating revenues of $135,800,selling expenses of $40,310,general and administrative expenses of $33,990,interest expense of $880,and income tax expense of $13,090.Nasir's stockholders' equity was $250,000 at the beginning of the year and $345,000 at the end of the year.The company has 10,000 shares of stock outstanding at December 31,2017.

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Compute Nasir's profit margin.What other information would you need in order to comment on whether this ratio is favorable?

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​Profit margin:

Net Income/Revenues = ...

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