The Clydesdale Company has sales of $4,500,000. It also has invested, Accounting Basics

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The Clydesdale Company has sales of $4,500,000. It also has invested

The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%.

What is Clydesdale Company's profit margin?

A.20%

B.80%

C.44.4%

D.18%

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Accounting Basics: The Clydesdale Company has sales of $4,500,000. It also has invested

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Accounting Basics: The Clydesdale Company has sales of $4,500,000. It also has invested

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