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

question 275

Multiple Choice

A company had $7,000,000 in net income for the year.Its net sales were $11,200,000 for the same period.Calculate its profit margin.

• A)17.5%
• B)28%
• C)62.5%
• D)160%
• E)$18.2 million

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Definitions:

Dissociative Identity Disorder

A psychological condition where a person exhibits two or more distinct and alternating personalities.

Multiple Personality Disorder

Now known as Dissociative Identity Disorder, it is a mental condition characterized by the presence of two or more distinct personality states.

Split Personality

An outdated term, often incorrectly used to describe Dissociative Identity Disorder, which involves the presence of two or more distinct personality states.

Depersonalization

A mental state in which a person feels detached from their thoughts, feelings, body, or surroundings, often described as feeling like an outside observer of their life.