The 2007 income statement of Ambrosia Enterprises shows operating revenues of $206,700, selling expenses of $52,200, general and administrative expenses of $47,110, interest expense of $1,020 and income tax expense of $27,000. Ambrosia’s stockholders’ equity was $335,000 at the beginning of the year and $385,000 at the end of the year. The company has 30,000 shares of stock outstanding at December 31, 2007.
Compute Ambrosia’s profit margin. Round the percentage to one decimal place.
I NEED THE ACTUAL # PLEASE HELP!
2007-09-13
13:54:46
·
1 answers
·
asked by
mr.paulio
2