Martinez corporation reported net sales of $774,000, net income of $133,000, and total assets of $7,724,241. the profit margin is:_______

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16-08-2022
Business

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Martinez corporation reported net sales of $774,000, net income of $133,000, and total assets of $7,724,241. the profit margin is:_______

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QWCyan QWCyan · Answer 1 · 2022-08-21T07:02:27+02:00

The Profit margin will be 17.18%. Information about net sales of $ 774,000, net income of $133,000 and total assets of $7,724,241 are given. For calculating the profit margin we are required to divide the net income by the net sales and then multiply the result by 100. This will be shown as under:

The profit margin is Net income/Net Sales × 100

The profit margin will be Net income/Net Sales × 100

So, therefore the profit margin will be 17.18%.

A profit margin is a type of profitability ratio that can tell you whether a company is profitable or not. It shows what portion of the sales of the company has turned into profits. Profit margins allow investors to study the financial health and well-being of companies.