Net income divided by net sales is the:
A. Profit margin.
B. Total asset turnover.
C. Current ratio.
D. Return on total assets.
E. Days' sales in inventory.
Answer: A
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The existence of diversified companies makes which of the following very difficult?
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Which of the following is an external user of a business's financial information?
A) customers B) cost accountant C) company manager D) the board of directors