A Company Had a Profit Margin of 12

question 41

Multiple Choice

A company had a profit margin of 12%.If net income equaled $450,000 and average total assets equaled $600,500,how much were sales?

• A)$1,050,500
• B)$126,060
• C)$72,060
• D)$54,000
• E)$3,750,000

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Definitions:

Rough-And-Tumble Play

A form of play involving physical activities like running, jumping, and play fighting, important for the physical and social development of children.

Early Childhood

Early childhood refers to the period of human development from birth to about eight years old, characterized by rapid physical, cognitive, and emotional growth.

Ethiopian

This term is related to Ethiopia, its people, culture, or other aspects pertaining to the East African country.

Cambodian

Pertaining to or originating from Cambodia, a country in Southeast Asia.