Profit Margin Is Calculated by Dividing Net Income by Sales

question 131

True/False

Profit margin is calculated by dividing net income by sales.

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Definitions:

Health Insurance

A type of insurance coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.

Education Loans

Financial loans provided to students to help cover the costs of post-secondary education, which typically have to be repaid with interest after graduation.

Parents Liable

Refers to the legal responsibility of parents for the actions and behaviors of their underage children.

Minor Children

Individuals under the age of legal adulthood, whose rights and responsibilities are significantly different from those of adults.