A Firm's Profit Margin, or Return on Sales, Is Computed

question 67

True/False

A firm's profit margin, or return on sales, is computed by dividing net income by net sales.

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Definitions:

Costs For Performing

Expenses associated with executing specific tasks or operations in a project or business activity.

Procurement

The process of finding, acquiring, buying goods, services, or works from an external source, often via a tendering or competitive bidding process.

Goods And Services

The outputs offered by businesses and individuals which can be tangible products or intangible activities performed for others.

Within The Organization

Refers to actions, processes, or dynamics that occur inside a company, institution, or group.