Determine (a) the company’s profit margin and (b) the company’s gross margin.

A company reports the following Net sales 2 760 000 Gros


A company reports the following:

Net sales ………………………………… $2,760,000

Gross profit ……………………………… 975,000

Net income………………………………. 238,000

Determine (a) the company’s profit margin and (b) the company’s gross margin.

A company reports the following Net sales 2 760 000 Gros

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