A Firm's Net Profit Margin Increased from 3

question 103

Multiple Choice

A firm's net profit margin increased from 3.2% to 3.8% from 2014 to 2015.If total sales increased from $312 million in 2014 to $345 million in 2015,what was the increase in net income?

• A)$19 million
• B)$21 million
• C)$3 million
• D)$2 million
• E)$13 million

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Definitions:

Enforce a Right

The act of legally demanding or ensuring the fulfillment of a legal entitlement or claim.

Civil Law

A legal system based on written codes of law, predominantly used in countries influenced by the European continental system.

Criminal Law

The branch of law that defines and punishes wrongful actions committed against the public.

Legal Positivism

A school of legal thought centered on the assumption that there is no law higher than the laws created by a national government. Laws must be obeyed, even if they are unjust, to prevent anarchy.