A. which company has the higher profit margin? b. which, Ask an Expert

Accounting

You are given then following data on two companies, M and N, (figures are millions):

                      M          N
Sales:           $1,080 $1,215
Net Income:     54       122
Investment:    180       405

Required:

a. Which company has the higher profit margin?

b. Which company has the higher investment turnover?

c. Based solely on the data given, in which firm would you prefer to invest.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9409069

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