For Meters, Inc

question 76

Multiple Choice

For Meters, Inc., refer to the following information to answer the question(s) below:
Meters, Inc., reported net sales of $874,916 and a net profit of $74,563 on its most recent income statement. The company's balance sheet shows total assets of $342,742 and total liabilities of $88,367.
-What is the net profit margin for Meters, Inc.?

• A)8.5 percent
• B)1.91:1
• C)21.8 percent
• D)29.3 percent

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Definitions:

Number Field

A type of data field in databases and forms designed to hold numerical values, often used for calculations or statistical analysis.

Chart Type

A categorization of graphs or charts based on their style or manner of presenting data, such as bar, line, pie, or scatter charts.

Vertical Bars

Lines used in typography and programming to separate graphical elements or pieces of information; also called a pipe symbol.

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A type of chart which displays information as a series of data points connected by straight line segments, useful for showing trends over time.