A Company Had $7,000,000 in Net Income for the Year

question 41

Multiple Choice

A company had $7,000,000 in net income for the year.Its net sales were $15,200,000 for the same period.Calculate its profit margin.

• A)85.4%.
• B)117.1%.
• C)53.9%.
• D)217.1%.
• E)46.1%.

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Definitions:

Thoracic

Pertaining to the chest area, including the ribs, sternum, and thoracic vertebrae.

Osteomalacia

A condition characterized by softening of the bones due to vitamin D deficiency or poor calcium absorption.

Alkaline Phosphatase

An enzyme found in many body tissues, including the liver and bones, used as a marker for various diseases.

Calcium

A chemical element that is essential for living organisms, primarily in bone formation and metabolic functions.