Compute Profit Margin Ratio Given the Following Information

question 90

Multiple Choice

Compute profit margin ratio given the following information.
Cost of goods sold: $28,000
Net income: $21,400
Gross profit: $400,000

• A)5%
• B)7%
• C)1.65%
• D)6.64%
• E)76.42%

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Definitions:

Emergency Preparedness

The process of planning and taking measures in advance to ensure effective response to disasters, emergencies, and incidents.

Compressions

The act of pressing together or the state of being pressed together.

Artificial Respiration

A method of assisting or stimulating respiration in individuals who are incapable of breathing on their own, using mechanical or manual means.

Airway

The part of the respiratory system through which air flows, starting from the nose and mouth down to the bronchi of the lungs.