A Firm's Net Profit Margin Increased from 3

question 103

Multiple Choice

A firm's net profit margin increased from 3.2% to 3.8% from 2014 to 2015.If total sales increased from $312 million in 2014 to $345 million in 2015,what was the increase in net income?

• A)$19 million
• B)$21 million
• C)$3 million
• D)$2 million
• E)$13 million

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Definitions:

Low Impact

implies minimal harm or negative effects, often related to environmentally friendly and sustainable practices in businesses and products.

Emergency Response Protocols

Predefined, structured procedures designed to be implemented in case of urgent or crisis situations to protect lives and property.

High Chance

A term implying a significant possibility or likelihood of an event occurring.

High Impact

Activities, initiatives, or methods that produce significant, often positive, results or changes.