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13 October, 05:35

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

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  1. 13 October, 09:34
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    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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