A firms financial statements show cash of 2100 annual sales, Ask an Expert

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A firm's financial statements show cash of $2100, annual sales of $53093, accounts receivable of $3100, inventory of $3050, accounts payable of $1300, bonds due in five years of $13000 and the firm's net income is $19245. What is the firm's profit margin? ______ % (Give your answer in percentage terms with one decimal place accuracy.) Recall this is the same as net profit margin.

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Financial Management, Finance

Category:- Financial Management
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