Financial information is presented below: $$\begin{array} { l r }
\text { Operating expenses } & \$ 35,000 \
\text { Sales returns and allowances } & 12,000 \
\text { Sales discounts } & 3,000 \
\text { Sales revenue } & 140,000 \
\text { Cost of goods sold } & 85,000
\end{array}$$ The profit margin would be
A) .32.
B) .16.
C) .03.
D) .04.

Question

Financial information is presented below: $$\begin{array} { l r } 
\text { Operating expenses } & \$ 35,000 \
\text { Sales returns and allowances } & 12,000 \
\text { Sales discounts } & 3,000 \
\text { Sales revenue } & 140,000 \
\text { Cost of goods sold } & 85,000
\end{array}$$ The profit margin would be
A) .32.
B) .16.
C) .03.
D) .04.

Quizplus · Accepted Answer

The Answer of Financial information is presented below: $$\begin{array} { l r } 
\text { Operating expenses } & \$ 35,000 \
\text { Sales returns and allowances } & 12,000 \
\text { Sales discounts } & 3,000 \
\text { Sales revenue } & 140,000 \
\text { Cost of goods sold } & 85,000
\end{array}$$ The profit margin would be
A) .32.
B) .16.
C) .03.
D) .04.

Financial Information Is Presented Below The Profit Margin Would Be A)

Financial Information Is Presented Below The Profit Margin Would Be
A)