A Firm's Net Profit Margin Increased from 8

question 37

Multiple Choice

A firm's net profit margin increased from 8.1% to 8.3% from 2014 to 2015.If net income increased from $4.5 million to $5.6 million,what was the change in the firm's sales?

• A)$55 million
• B)$21 million
• C)$0.1 million
• D)$11.9 million
• E)$1.1 million

---

Definitions:

Forecasts

Predictions about future conditions or occurrences, often based on statistical analysis or current trends.

Push Model

A distribution method where products are pushed through the supply chain, from production to final consumers, without direct consumer demand driving it.

Pull Model

A supply chain management strategy where the demand for product initiates production and distribution, in contrast to the traditional push model driven by forecasted demand.

Open-Source CRM

A customer relationship management system whose source code is available freely for use, modification, and distribution.