Answer: 20.0%
Calculations:
Profit margin for the Year ended December 31,2020 = (Net profit for 2020 ÷ Net sales for 2020) x 100
= ($20,000/$100,000) x 100
= 0.20 x 100
= 20.0%
* wicy Roselawn Company reported net sales of $90,000 and net income of $18,000 for the...
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