Which Financial Statement(s)do You Need to Calculate the Profit Margin

question 135

Multiple Choice

Which financial statement(s) do you need to calculate the profit margin ratio?

• A)only the income statement
• B)only the balance sheet
• C)both the income statement and the balance sheet
• D)both the statement of cash flows and the income statement

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Definitions:

Telecommunications Technologies

Tools and systems used to transmit information over distance, including telephone lines, Internet, wireless networks, and satellite communications.

Clinical Health Care

Direct, patient-centered medical services ranging from preventive care to treatment and management of diseases and conditions by health professionals.

Health Administration

The practice of overseeing and managing healthcare systems, including hospitals, clinics, and other health services, focusing on efficiency, policy, and patient care.

Private Practice

A business, especially in healthcare or law, owned and operated by an individual practitioner or a group of professionals.