Asked by Angie Brown on Jul 24, 2024
Verified
Last year's margin was closest to:
A) 36.7%
B) 67.3%
C) 9.6%
D) 4.0%
Last Year's Margin
Represents the difference between the sales revenue and the cost of goods sold from the previous year, often expressed as a percentage of sales.
- Explore and assess the financial merits and activity levels of investment opportunities through margins and turnovers.
Verified Answer
SC
Samarth ChakankarJul 27, 2024
Final Answer :
D
Explanation :
Margin = Net operating income ÷ Sales = $672,000 ÷ $16,800,000 = 4.0%
Learning Objectives
- Explore and assess the financial merits and activity levels of investment opportunities through margins and turnovers.