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

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Definitions:

Crude Oil

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, a primary source of energy.

Boiling Point

The temperature at which a liquid's vapor pressure equals the external pressure surrounding the liquid, causing it to change into a vapor.

Accelerants

Substances used to increase the speed at which fire spreads.