The ratio if the net income to the net sales known as profit margin is 17.03%
How to calculate profit margin
The formula for calculating the profit margin is expressed as:
Profit margin = net income/net sales
The profit margin is the net income divided by net sales.
Given the following parameters;
Net income = $141,525
Net sales = $765,000
Total Assets = $7,634,409
Profit margin = $765,000/$765, 000
Profit margin = 0.1703
Hence the profit margin is 17.03%
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