Dean Corporation Reported Net Income $58,000, Net Sales $500,000, and Average

question 102

Multiple Choice

Dean Corporation reported net income $58,000, net sales $500,000, and average assets $800,000 for 2015. The 2015 profit margin was:

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

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Definitions:

Reduced Rework

Strategies or practices aimed at minimizing the need to redo or correct work, thereby increasing efficiency and productivity.

Timing

The selection of the most appropriate or effective time to perform an action or release information.

Success

The achievement of a goal or the attainment of higher status or position.

Message

A piece of information or communication sent from one person or group to another, typically involving a sender, a message, and a recipient.