Use the Following Information to Answer the Next Ten Questions

question 30

Multiple Choice

Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31,2015 and 2014,financial statements are presented below:

-TPX Company's 2015 profit margin is:

• A)18.8%.
• B)9.0%.
• C)19.4%.
• D)15.1%.

Distinguish between solicited and unsolicited proposals, and internal and external proposals.

Recognize the importance of ethical considerations and risk assessment in making recommendations.

Understand the role of problem identification and hypothesis formulation in analytical reports.

Develop an appreciation for different types of analytical reports and their purposes.

---

Definitions:

Net Operating Income

A measure of a company's profitability from its regular, core business operations, excluding deductions of interest and taxes.

Average Operating Assets

The average value of a company's assets used in day-to-day operations over a specific period, used in calculating rates of return.

Sales

The total amount of goods or services sold by a company within a certain period of time.