6A. During the current year, Sokowski Manufacturing earned income of $489,887 from total sales of $5,104,801 and average capital assets of $10,251,147. What is the sales margin? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.

6A. During the current year, Sokowski Manufacturing earned income of $489,887 from total sales of $5,104,801 and average capital assets of $10,251,147. What is the sales margin? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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6A.

During the current year, Sokowski Manufacturing earned income of $489,887 from total sales of $5,104,801 and average capital assets of $10,251,147.

What is the sales margin? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.

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