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:

Parapsychology

The study of paranormal phenomena, including ESP and psychokinesis (also called telekinesis).

Precognition

The alleged psychic ability to see or know about events before they happen.

Kinesthesia

The sense of movement and body position, often referred to as muscle memory or the ability to feel movements of the limbs and body.

Precognition

The purported psychic ability to see or know about events before they happen, which remains a controversial and largely scientifically unproven concept.