The Following Amounts Were Taken from the Financial Statements of Leaf

question 91

Multiple Choice

The following amounts were taken from the financial statements of Leaf Company: $\begin{array}{lrr}&2017&2016\\\text { Total assets } & \$ 900,000 & \$ 1,000,000 \\\text { Net sales } & 840,000 & 650,000 \\\text { Gross profit } & 352,000 & 320,000 \\\text { Net income } & 138,600 & 117,000 \\\text { Weighted average number of common shares outstanding } & 90,000 & 90,000 \\\text { Market price of common stock } & \$ 35 & \$ 39\end{array}$ The profit margin for 2017 is

• A)15.4%.
• B)44.9%.
• C)16.5%.
• D)10.7%.

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The North American Free Trade Agreement, a trilateral trade bloc in North America created by Canada, Mexico, and the United States.

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Cost Benefit Analysis

An evaluation process that compares the costs and benefits of a project or decision to determine its viability or worth.