Profit Margin Is Calculated by Dividing

question 34

Multiple Choice

Profit margin is calculated by dividing

• A)sales by cost of goods sold.
• B)gross profit by net sales.
• C)net income by equity.
• D)net income by net sales.

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Definitions:

Federal and State Contracts

Legal agreements entered into by federal or state government bodies with individuals, businesses, or other governments for procurement of goods and services.

Primary Occupation

The main job or profession through which an individual gains the majority of their income or spends the most working hours.

Inherent Factors

Characteristics or attributes that naturally exist within a person, object, or situation from the beginning.

Flexible and Innovative

The ability to adapt to changes and introduce new ideas or procedures effectively.