A Company Had a Profit Margin of 12

question 41

Multiple Choice

A company had a profit margin of 12%.If net income equaled $450,000 and average total assets equaled $600,500,how much were sales?

• A)$1,050,500
• B)$126,060
• C)$72,060
• D)$54,000
• E)$3,750,000

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Definitions:

Native-Born Counterparts

Individuals born in a specific country, in contrast to those who have immigrated, often used in discussions of employment, education, and social integration.

Language Barriers

Communication obstacles experienced by people who do not share a common language.

Newcomers

Individuals or groups who have recently arrived in a place and are adapting to a new environment or community.

Old Country

A term often used nostalgically to refer to one's country of origin, especially in the context of immigrants referring to their homeland.