What is the profit margin for the current year for Bornfree

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Reference no: EM133042655

Question - The below information is taken from the accounting records of Bornfree Limited for the current year:

Administration expenses 120,000

Cost of goods sold 570,000

Selling and distribution expenses 220,000

Interest expense 50,000

Net Sales 1,200,000

Required - What is the profit margin for the current year for Bornfree?

a. 52.5%

b. 34%

c. 24%

d. 20%

Reference no: EM133042655

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