Asked by Danielle Efrat on May 12, 2024
Verified
Last year's margin was closest to:
A) 10.0%
B) 73.3%
C) 5.0%
D) 31.7%
Last Year's Margin
The difference between sales revenue and cost of goods sold from the previous financial year, typically expressed as a percentage of sales.
- Conduct an assessment and evaluation of profit margins and turnovers to identify worthwhile investment opportunities.
Verified Answer
DR
Deana RichardsonMay 19, 2024
Final Answer :
C
Explanation :
Margin = Net operating income ÷ Sales = $700,000 ÷ $14,000,000 = 5.0%
Learning Objectives
- Conduct an assessment and evaluation of profit margins and turnovers to identify worthwhile investment opportunities.