A Company Had a Profit Margin of 8

question 33

Multiple Choice

A company had a profit margin of 8%.If net income equaled $40,000 and average total assets equaled $332,500,how much were net sales?

• A)$3,200
• B)$500,000
• C)$26,600
• D)$4,156,250
• E)$372,500

---

Definitions:

Reflexes

Involuntary and automatic responses to stimuli, such as the blink reflex in response to a sudden bright light.

Biological Survival

The basic processes and functions necessary for an organism to live, including obtaining food, reproducing, and avoiding predators.

Grasping Reflex

An involuntary movement response in which an infant's fingers close around an object placed in their hand.