Torsten Had Total Assets of $149,501,000, Net Income of $6,242,000

question 255

True/False

Torsten had total assets of $149,501,000, net income of $6,242,000, and net sales of $209,203,000. Its profit margin was 2.98%.
Profit Margin = Net Income/Net Sales
Profit Margin = $6,242,000/$209,203,000 = 2.98%

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Definitions:

External Validity

The degree to which a study's findings can be applied to different situations and various individuals.

Extraneous Variables

Variables that can influence the outcome of an experiment but are not the variables being studied.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, and vice versa.

Qualitative Research

A research methodology that seeks to understand phenomena through the collection and analysis of non-numerical data, such as interviews and observations.