Compute the Profit Margin (Rounded to Nearest Percent)for the Tim

question 101

Multiple Choice

Compute the profit margin (rounded to nearest percent) for the Tim Tom investment center as shown below. $\begin{array}{lr} & \text { Tim Tom Subsidiary } \\\text { Total sales } & \$ 1,600 \\\text { Operating income } & \$ 140 \\\text { Average assets invested } & \$ 900 \\\text { Profit margin } & ? \\\text { Asset turnover } & ? \\\text { ROI } & ?\end{array}$

• A) 7%
• B) 9%
• C) 12%
• D) 18%

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Definitions:

Recall Memory

The mental process of retrieving information from the past, which can involve reconstructing memories based on cues or prompts.

Recognition Memory

The ability to identify previously encountered events, objects, or people.

Recognition Memory

Recognition memory is the ability to identify previously encountered events, objects, or people.

Deferred Imitation

The ability to replicate an action observed at an earlier time, even in the absence of the immediate presence of the original stimulus.