Delreal Corporation Has Provided the Following Data Concerning Its Only

question 216

Multiple Choice

Delreal Corporation has provided the following data concerning its only product:
-The margin of safety as a percentage of sales is closest to:

• A)18%
• B)82%
• C)78%
• D)22%

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Definitions:

Consolidated Equity

The total amount of owners' equity represented in a consolidated financial statement, which reflects the combine equity of a parent company and its subsidiaries.

Non-controlling Interest

The portion of equity in a subsidiary not owned by the parent company, also known as minority interest.

Profit After Tax

The net income of a company after all taxes have been deducted from revenues.