Akers Corporation Reported Net Income $48,000; Net Sales $480,000; and Average

question 91

Multiple Choice

Akers Corporation reported net income $48,000; net sales $480,000; and average assets $800,000 for 2014. What is the 2014 profit margin?

• A) 6%
• B) 10%
• C) 48%
• D) 60%

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Definitions:

Femur

The femur is the thigh bone, which is the longest and strongest bone in the human body.

Cavity

A hole or space within the body or a solid structure, often referring to tooth decay in dentistry or a hollow area in anatomy.

Femur

The thigh bone, which is the longest, strongest, and heaviest bone in the human body, connecting the hip to the knee.

Cancellous Bone

A type of porous bone found at the end of long bones and in the inner layers of other bones, also known as spongy bone.