A Company Has Net Income of $148,000 and a Net

question 80

Multiple Choice

A company has net income of $148,000 and a net profit margin ratio of .087. Which of the following is not a true statement?

• A)A net profit margin ratio of .087 means that 8.7 cents of profit or net income is made for each dollar of sales.
• B)The amount of sales revenue for this period is $1,700,000 (rounded to the nearest hundred thousand).
• C)A higher net profit margin ratio this year than last year indicates an improvement in controlling expenses.
• D)If income from operations is less than net income,this means that the company had no non-operating revenue.

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Definitions:

Codon

A sequence of three nucleotides in mRNA that specifies the addition of a specific amino acid or the release of a polypeptide chain during protein synthesis.

Alanine

A non-essential amino acid used in the biosynthesis of proteins.

AAC

May refer to Advanced Audio Coding, a digital audio codec designed for lossy compression of audio data.

Asparagine

An amino acid, denoted as N or Asn, involved in the biosynthesis of proteins.