Marino Company Has Provided the Following Information: Net Sales,$480,000

question 105

Multiple Choice

Marino Company has provided the following information: Net sales,$480,000
Net income,$24,000
Average total assets,$200,000
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What is Marino's net profit margin?

• A)75%
• B)12%
• C)42%
• D)5%

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Definitions:

Succession Planning

A strategy where an organization identifies and develops internal personnel with the potential to fill key leadership positions within the company when they become available.

Strategic Planning

The process of defining an organization's direction and making decisions on allocating resources to pursue this strategy.

Forecasting

The process of making predictions about future events or trends based on historical data and analysis.

Quantitative Methods

Research techniques that focus on quantifying data and typically involve statistical analysis to interpret the results.