A Firm Reports a Net Profit Margin of 10% on Sales

question 66

Multiple Choice

A firm reports a net profit margin of 10% on sales of $3 million when ignoring the effects of financing.If taxes are $200,000, how much is EBIT (Operating Income) ? (Use the value in dollars)

• A)$100,000
• B)$300,000
• C)$500,000
• D)$800,000

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Definitions:

Gel Overlay

A gel material used on beds or chairs to enhance comfort and prevent pressure sores.

Bariatric Bed

A specially designed hospital bed for overweight or obese patients, providing extra support and space.

Pressure Reduction

A strategy or device designed to decrease pressure in a specific area, often used in medical contexts to prevent pressure ulcers.

In-bed Scale

A device used to weigh patients directly in their beds, especially useful for those who are immobile or in critical care.