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Data Analysis Financial Statement Basics The Profit & Loss Statement Profit & Loss Statement Assessment

I did these numbers and came up with an expansion of .135. How did they get .16% here?

Quiz Question 5 of 7

1 Answer

From @1:20 in this video:

SG&A margin = SG&A/revenue

For year 2:

$10,972 / $141,546 = 0.07751543668

For year 3:

$11,527 / $145,653 = 0.07914014816

Subtract year 2 from year 3 = 0.001624711483 or 0.1624711483 %