If Gross Profit Is $500,000, Interest Expense Is $200,000, Sales

question 44

Multiple Choice

If gross profit is $500,000, interest expense is $200,000, sales is $1,900,000 and total assets are $5,400,000, calculate the gross profit margin.

• A)6.3%.
• B)18.9%.
• C)26.3%.
• D)10%.

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Definitions:

Highly Assertive

Characterized by confident and forceful behavior or attitudes, especially in stating one's opinions or claiming one's rights.

Relationship-oriented

A focus or preference for building and maintaining strong interpersonal connections and valuing relationships over tasks or goals.

Task-oriented

Refers to a focus or emphasis on completing specific tasks or objectives, often used in the context of leadership or teamwork styles.

Laugh

A vocalized expression of amusement or joy, often characterized by rhythmic, audible contractions of the diaphragm and other parts of the respiratory system.