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Unformatted text preview: the company's ability to turn its sales into net income. To evaluate the profit margin, it must be compared to competitors and industry statistics. It is calculated by dividing net income by net sales. 20X1 20X0 Net income/(loss) $ 8,130 $(1,400) Net sales 129,000 97,000 Profit margin 6.3% (1.4%)...
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09