Question: i am currently working with ratios i am being asked...
I am currently working with Ratios. I am being asked to calculate the Profit margin I have followed the
(Profit or Loss / Sales Revenue) x 100
Formula but i am not getting a clear percentage
I am getting the profit of the profit and loss statement and the Sales revenue off the Revenue and expenses.
I did the following. but as you can see it did not turn out
148.373816 x 100 = 14,8367.3816
I am wondering if I need to convert one or the numbers so they are both expressed in millions or thousands. Or if I have selected the wrong numbers to work with?