A Company Had $7,000,000 in Net Income for the Year

question 104

Multiple Choice

A company had $7,000,000 in net income for the year. Its net sales were $15,200,000 for the same period. Calculate its profit margin.

• A) 85.4%.
• B) 46.1%.
• C) 53.9%.
• D) 217.1%.
• E) 117.1%.

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Definitions:

Involuntary Turnover

The process where employees leave a company due to reasons outside their control, such as layoffs or terminations by the employer.

Workplace Violence

Any act or threat of physical violence, harassment, intimidation, or other threatening disruptive behavior that occurs at the work site.

Interactional Justice

Refers to the perceived fairness of the interpersonal treatment individuals receive from decision-makers, including respect and propriety in communication.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests and best practices from other companies.