Junebag Corporation Reported Net Income $36,000; Net Sales $400,000; and Average

question 53

Multiple Choice

Junebag Corporation reported net income $36,000; net sales $400,000; and average assets $600,000 for 2014. What is the 2014 profit margin?

• A) 9%
• B) 11%
• C) 60%
• D) 67%

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Definitions:

Residential Types

Various categories of housing or accommodation, differing by levels of care, amenities, and services provided.

Treatment Resembles

Refers to the similarity or analogy between the process of medical or therapeutic care and another process, context, or concept.

Substance-induced Disorder

A mental disorder caused directly by the physiological effects of a substance, such as drug abuse, medication, or toxin exposure.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a publication by the American Psychiatric Association that provides standardized criteria for the classification and diagnosis of mental disorders.