Dean Corporation Reported Net Income $58000 Net Sales $500000 and Average

question 154

Multiple Choice

Dean Corporation reported net income $58000 net sales $500000 and average assets $800000 for 2017. The 2017 profit margin was:

• A) 5.8%.
• B) 11.6%.
• C) 62.5%.
• D) 160%.

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Definitions:

U.S. District Courts

Federal courts that serve as the trial-level courts in the United States federal court system, handling both civil and criminal cases.

Trial Courts

The courts where cases are first heard, involving the presentation of evidence and legal arguments to a judge or jury.

Federal Court System

The three-tiered judicial system of the United States consisting of district courts, appellate courts, and the Supreme Court, which interprets and applies federal laws and Constitution.

Diversity-of-Citizenship

A basis for federal court jurisdiction when parties in a lawsuit are citizens of different states or a foreign country, allowing for cases to be heard in federal court.