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Use This Balance Sheet and Income Statement to Answer the Following

Question 111

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 Abner 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 Abner Systems is A) 60 percent. B) 25 percent. C) 20 percent. D) 12 percent. The profit margin of Abner Systems is


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

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