Profit Margin Is Calculated by Dividing Net Sales by Net

question 109

True/False

Profit margin is calculated by dividing net sales by net income.

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Definitions:

Fourteenth Amendment

An amendment to the United States Constitution, granting citizenship to all persons born or naturalized in the U.S., including former slaves, and providing all citizens with equal protection under the laws.

Chinese Exclusion Act

1882 law that halted Chinese immigration to the United States.

Naturalized Citizens

are individuals who have acquired citizenship in a country where they were not born, through a legal process involving certain qualifications and procedures.

Supervisory Positions

Jobs or roles that entail overseeing and directing the work of other employees or staff members.