Net Income Divided by Net Sales Is The

question 132

Multiple Choice

Net income divided by net sales is the:

• A) Return on total assets.
• B) Profit margin.
• C) Current ratio.
• D) Total asset turnover.
• E) Days' sales in inventory.

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Definitions:

UCC 2-301

A provision under the Uniform Commercial Code (UCC) that emphasizes the importance of good faith in the performance or enforcement of contracts covered by the UCC.

Obligor

The party in a contractual agreement who is bound to provide a benefit or payment to another.

Assignment

A contracting party’s transfer of his or her rights to a contract to a third party.

Personal in Nature

Refers to anything related to or affecting a person individually, rather than businesses or entities.