A company had $6,992,000 in net income for the year. Its net sales were $15,200,000 for the same period. Calculate its profit margin.
A. 117.1%.
B. 85.4%.
C. 46.0%.
D. 53.9%.
E. 217.1%.
Answer: C
You might also like to view...
Retailers can use ________ to arrange for the storage and shipping of their merchandise.
A. integrated third-party logistics companies B. reverse logistic companies C. dispatchers D. public warehouses E. freight forwarders
Which of the following is the current group within the International Accounting Standard Board organization that interprets existing standards or provides guidance in areas for which no accounting formal standard exists?
a. Standing Interpretations Committee b. International Accounting Standards Committee c. Emerging Issues Task Force d. International Financial Reporting Interpretations Committee
A reference to "28 U.S.C. Section 1332" means that a statute can be found in section 1332 of title 28 of the United States Code.
Answer the following statement true (T) or false (F)
Big Eggs, Inc agrees to supply Omelet Express with five hundred eggs. Big Eggs cannot reasonably ask Omelet Express to pick up the eggs at? A)?1:00 P.M
B)?2:00 P.M. C)?3:00 P.M. D)?4:30 A.M.