Calculate the profit margin

Reference no: EM132733848

Problem - The following financial statement information is available for Crane Corporation:

	2020	2019
Net sales	$780000	$693000
Cost of goods sold	407000	370000
Net income	119340	84000
Tax expense	53000	28000
Interest expense	12000	12000

Required - Calculate the profit margin for 2020?

Reference no: EM132733848

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