Financial Information Is Presented Below The Profit Margin Would Be
A)

question 188

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 28,000 \\\text { Sales returns and allowances } & 7,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 150,000 \\\text { Cost of goods sold } & 91,000\end{array}$$ The profit margin would be

• A) .21.
• B) .14.
• C) .35.
• D) .15.

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Definitions:

Interest Payment

The amount paid by a borrower to a lender as compensation for the use of borrowed money.

Suppliers

Entities or individuals that provide goods or services to companies or other individuals, often playing a critical role in supply chains.

Accounts Payable

The amount of money that a company owes to its suppliers or creditors for goods and services purchased on credit.

Receivables Period

The amount of time it takes for a company to collect payments owed by its customers after a sale has been made.