A fiRm Has a Profit Margin of 9% on Sales

question 97

Multiple Choice

A firm has a profit margin of 9% on sales of $400,000. There are 10,000 shares of common stock outstanding. What is the earnings per share?

• A) $1.80
• B) $3.60
• C) $4.00
• D) $36.00
• E) $40.00

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Definitions:

Bag Bath

A method of bathing that uses moistened cloths or wipes instead of immersing a person in water, often used for patients who are bedridden or have limited mobility.

Uncircumcised

Referring to an individual, typically male, whose foreskin covering the glans of the penis has not been surgically removed.

Foreskin

The fold of skin covering the head of the penis, which can be removed by circumcision for cultural, religious, or health reasons.

Perineal Care

The practice of cleaning and caring for the perineum, the region between the anus and the genitals, to prevent infection and maintain hygiene.