Table 3.2 Dana Dairy Products Key Ratios Income Statement

question 134

Multiple Choice

Table 3.2
Dana Dairy Products Key Ratios Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013 Balance Sheet
Dana Dairy Products
December 31, 2013
-The gross profit margin and net profit margin for Dana Dairy Products in 2013 were ________. (See Table 3.2)

• A) 13 percent and 0.9 percent, respectively
• B) 13 percent and 1.5 percent, respectively
• C) 2 percent and 0.9 percent, respectively
• D) 2 percent and 1.5 percent, respectively

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Definitions:

Budget Surplus

A situation where income or receipts exceed outlays or expenditures over a specific period, commonly used in the context of government budgets.

Tax Cuts

Reductions in the amount of taxes that individuals or corporations must pay to the government, often used as a strategy to stimulate economic growth or redistribute wealth.

Central Intelligence Agency

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Intelligence Agency

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