Use the following selected balance sheet and income statement information for Sirius Supply Co. to compute the profit margin, to the nearest hundredth of a percent.

A) 6.85%
B) 32.38%
C) 13.71%
D) 9.19%

Name: Use the following selected balance sheet and income statement information for Sirius Supply Co. to compute the profit margin, to the nearest hundredth of a percent. A) 6.85% B) 32.38% C) 13.71% D) 9.19%
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Question

Use the following selected balance sheet and income statement information for Sirius Supply Co. to compute the profit margin, to the nearest hundredth of a percent.

A) 6.85% 
B) 32.38% 
C) 13.71% 
D) 9.19%

Quizplus · Accepted Answer

Profit margin = EWI / Sales revenue = $233,500 / $1,703,130 = 13.71%

Use the Following Selected Balance Sheet and Income Statement Information