A Firm Reports a Net Profit Margin of 10% on Sales

question 66

Multiple Choice

A firm reports a net profit margin of 10% on sales of $3 million when ignoring the effects of financing.If taxes are $200,000, how much is EBIT (Operating Income) ? (Use the value in dollars)

• A)$100,000
• B)$300,000
• C)$500,000
• D)$800,000

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Definitions:

Reliable Measures

Assessment tools or methods that consistently produce the same results under the same conditions, indicating high reliability.

Leadership Training Program

A structured plan of educational activities and experiences designed to develop leadership abilities and skills.

Current Star

An employee or team member recognized for exceptional performance or potential, often seen as a key asset by the organization.

Developmental Opportunity

Initiatives or programs within an organization aimed at fostering employee growth, skill acquisition, and career progression.