A Company Had $9,000,000 in Net Income for the Year

question 53

Multiple Choice

A company had $9,000,000 in net income for the year. Its net sales were $13,200,000 for the same period. Calculate its profit margin.

• A) 17.5%.
• B) 28.0%.
• C) 62.5%.
• D) 160.0%.
• E) 68.2%

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Definitions:

Subgroups

Subgroups are smaller, distinct groups formed within a larger group based on shared characteristics, interests, or goals.

Reticular Tissue

A type of connective tissue that provides a supportive framework to soft organs, such as the spleen and lymph nodes.

Lymphatic Organs

Components of the lymphatic system, such as lymph nodes, spleen, and thymus, which play roles in immune function and fluid balance.

Pseudo-Unipolar Neuron

One of the three categories of neurons consisting of a nerve cell body with a single axon projecting from it.