Question Solved1 Answer QUESTION 15 For 2019 Carman Ltd reported profit £48 000; net sales £400 000; and average assets £800 000. What was the 2019 operating profit margin? 696 1296 4096 20096

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Transcribed Image Text: QUESTION 15 For 2019 Carman Ltd reported profit £48 000; net sales £400 000; and average assets £800 000. What was the 2019 operating profit margin? 696 1296 4096 20096
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Transcribed Image Text: QUESTION 15 For 2019 Carman Ltd reported profit £48 000; net sales £400 000; and average assets £800 000. What was the 2019 operating profit margin? 696 1296 4096 20096
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Operating Profit Margin = Operating profit / SalesOperating Profit Margin = 48,000 / 400,000Operating Profit Margin = ... See the full answer