Refer to the Following Information to Answer the Question(s)regarding Port

question 80

Multiple Choice

Refer to the following information to answer the question(s) regarding Port Royal:
Net Sales $927,641
Gross Profit $301,483
Net Profit $48,457
Total Assets $203,869
Total Liabilities $74,325
-Port Royal's profit margin on sales is ________ percent.

• A)5.2
• B)32.5
• C)16.1
• D)8.0

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Definitions:

Business Owner

An individual who legally possesses a company, bearing both the risks and benefits associated with the enterprise.

Separate Entity

A concept in accounting and law where a business is recognized as having its own legal rights and obligations, distinct from those of its owners or members.

External Funding

Financing that comes from outside an organization, often from venture capitalists, angel investors, or crowdfunding platforms to support business activities.

Experienced Investors

Individuals or entities that have a significant history of investing in various markets or ventures, demonstrating a deep understanding and skill in allocating resources for potential financial gain.