Answered

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The moraine has the net income of 165850 there are currently 31.85

Sagot :

From the net income given, it can be deduced that the profit margin of the company is 9.79%.

How to calculate the profit margin

First, we will calculate the receivable turnover. This will be:

= 365 days / 31.85

= 11.46 times.

Then, well calculate sales. This will be:

Sales = Receivable × Receivable turnover

Sales = 147900 × 11.46

Sales = 1694934

Then, the profit margin will be:

= Net income / Sales

= 165850 / 1694934

= 9.79%

Learn more about net income on:

https://brainly.com/question/25785586

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