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:

Playboy Magazine

A men's lifestyle and entertainment magazine known for its features on photography, fashion, and journalism, as well as its Playmate pictorials.

Information Storage

The methods and technologies used to save and maintain data for future retrieval and use.

Analytic Coding

A process in qualitative research where data is categorized to facilitate analysis, identifying patterns and themes.