At the End of 20X2, Wild Corporation Reported Net Income

question 171

Short Answer

At the end of 20X2, Wild Corporation reported net income of $70,000, gross sales revenue of $1,525,000, and sales returns of $125,000. The profit margin was ______%.

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Definitions:

Holmes and Rahe

Psychologists who developed the Social Readjustment Rating Scale (SRRS), a scale that measures stress levels in life changes to predict illness risk.

Significant Stressor

An event or situation that causes a substantial level of stress, significantly impacting an individual's psychological or physical well-being.

Death Of Spouse

The event of losing one's partner through death, which can be a significant psychological stressor and life-changing event.

Social Readjustment Rating Scale

A scale measuring the amount of stress experienced by an individual in a certain period, based on life changes and events.