Refer to the following information to answer the question(s) regarding Port Royal:
Net sales $927,641
Gross profit $301,483
Net profit $48,457
Total assets $203,869
Total liabilities $74,325
-Port Royal's profit margin on sales is:
A) 5.2 percent.
B) 32.5 percent.
C) 16.1 percent.
D) 8.0 percent.

Question

Quizplus · Accepted Answer

Profit margin on sales is calculated as (Net Profit / Net Sales) * 100. For Port Royal, it is ($48,457 / $927,641) * 100 = 5.2 percent.

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