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:

Nonaggression Pact

An agreement between two or more nations to not engage in military action against each other for a specified period.

Soviet Union

A socialist state in Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR), characterized by its single-party rule by the Communist Party, with Moscow as its capital.

Disappearance

The act of someone or something going missing or being removed from sight or consideration, often invoking concern or mystery regarding their whereabouts or status.

Allied Governments

Nations that are allied, or united in partnership, typically referring to countries that join forces during wartime or in opposition to a common threat.