Use the Table for the Question(s)below

question 14

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.Luther's net profit margin for the year ending December 31,2014 is closest to:

• A)1.8%
• B)2.7%
• C)5.4%
• D)16.7%
• E)18.3%

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Definitions:

Memos

Short for memorandums, these are concise written communications typically used within an organization to share information or instructions.

Always

At all times; on all occasions.

Average

A mathematical concept that represents the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.

Perfect

Perfect is an adjective signifying something that is completely free from faults or defects, or matches an ideal standard of excellence.