The preston company reported the following income for 2014, Ask an Expert

Accounting

The Preston Company reported the following income for 2014: Sales $ 35,500 Cost of goods sold 9,100 Gross margin $ 26,400 Selling and administrative expense 11,100 Operating income $ 15,300 Interest expense 5,100 Income before taxes $ 10,200 Income tax expense 3,060 Net income $ 7,140

What is the company's net margin?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91964427

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