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Calculate the profit margin ratio

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Question 1: Calculate the profit margin ratio based on the following information:

cash = $14,870;

accounts receivable = $22,108;

prepaid $3,010; supplies = $927;

equipment = $62,150;

accumulated depreciation = 13,750;

accounts payable = 28,000;

net sales = $325,000;

interest expense $6,000; tax expense = $12,600;

earnings before interest and taxes 2 $122623:

number of shares outstandino = 335.000.

  • Round to two decimal places.

Reference no: EM132494378

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