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Compute the profit margin ratio

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Reference no: EM132448756

Question - Financial information is presented below:

Operating expenses $32000

Sales revenue 196000

Cost of goods sold 161000

Required - Compute the profit margin ratio?

a. 0.82.

b. 0.02.

c. 0.18.

d. 0.98.

Reference no: EM132448756

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