The International Boot Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,525,000.
What is the profit margin?
A) 33.3%
B) 5.2%
C) 16.0%
D) 19.1%

Name: The International Boot Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,525,000. What is the profit margin? A) 33.3% B) 5.2% C) 16.0% D) 19.1%
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Question

Quizplus · Accepted Answer

Profit margin is calculated as (Income from Operations / Sales) * 100. Here, it is ($80,000 / $1,525,000) * 100 = 5.2%.

The International Boot Company Has Income from Operations of $80,000