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05-01-2018
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Martinez corporation reported net sales of $775,000 and net income of $132,000. the profit margin is:

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19-01-2018

The profit margin is the net income divided by net sales.
Net income = $132, 000
Net sales = $775, 000
Profit margin = $132, 000/ $775, 000 = 0.1703 = 17.03%

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