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18-02-2022
Business

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Martinez Corporation reported Net sales of $779,000 and Net income of $128,000. The Profit margin is:

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18-02-2022

Answer:

16.43%

Explanation:

Profit Margin: (Net Income) / (Net Sales) = $128,000 / $779,000 = 0.1643 -> 16.43%

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