Profit Margin Is Computed as Follows

question 15

Multiple Choice

Profit margin is computed as follows:

• A) Net profit (net income) / Sales
• B) Gross profit / Sales
• C) Net profit (net income) / Assets
• D) Gross profit / Sales.

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Definitions:

Insular Cases

A series of early 20th-century U.S. Supreme Court decisions that determined the constitutional rights of people in U.S. territories acquired after the Spanish-American War.

Boer War

A conflict fought between the British Empire and two Boer states, the South African Republic and the Orange Free State, over the Empire's influence in South Africa from 1899 to 1902.

"Rough Riders"

A volunteer cavalry regiment led by Theodore Roosevelt during the Spanish-American War, known for their diverse composition and dramatic role in the conflict.