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17 September, 02:43

You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margin of 19%. How do you explain this to owner Penelope Hassey?

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  1. 17 September, 03:04
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    Answer and Explanation:

    Penelope Hassey has to assume that the total sale of the firm is $100 and given that the Profit Margin ratio is 19%.

    The scenario shows that on every $100 of sale company get a net profit margin of $19

    Note:

    Profit margin = Net sales * Profit margin ration

    Profit margin = $100 * 19%

    Profit margin = $19
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Home » Business » You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margin of 19%. How do you explain this to owner Penelope Hassey?
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