Rappaport Corp.'s sales last year were $385,000, and its net income after taxes was $23,000. What was its profit margin on sales

5.97%

Explanation:

Profit margin is an example of profitability ratio

profitability ratio  measures the ability of a firm to generate profit from its assets

Profit margin = net income / sales

= $23,000. / $385,000,

answerblank(1) starts; blank(2); // cash cows;

answernet income for 2017 will be greater if the inventory quantity declines;