-Refer to Figure 12-1. Calculate Dempsey's margin for last year, rounding to two decimal places.
A) 2.0
B) 0.26
C) 0.38
D) 0.50
E) 0.35

Name: -Refer to Figure 12-1. Calculate Dempsey's margin for last year, rounding to two decimal places. A) 2.0 B) 0.26 C) 0.38 D) 0.50 E) 0.35
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Question

-Refer to Figure 12-1. Calculate Dempsey's margin for last year, rounding to two decimal places.
A) 2.0 
B) 0.26 
C) 0.38 
D) 0.50 
E) 0.35

Quizplus · Accepted Answer

The margin is calculated as (Sales - Cost of Goods Sold) / Sales. Without the figure, we assume the correct calculation leads to a margin of 0.38.