Royce Corp's Sales Last Year Were $250,000,and Its Net Income

question 16

Multiple Choice

Royce Corp's sales last year were $250,000,and its net income was $23,000.What was its profit margin?

• A) 9.57%
• B) 8.37%
• C) 9.20%
• D) 11.32%
• E) 9.38%

---

Definitions:

Routine Information

Data or facts that are regularly collected, processed, and utilized in the normal course of business or activities.

Email Announcement

A written communication sent electronically through email to convey information, updates, or notifications to a designated group.

Noise

In the context of communication, any unwanted or distracting information that interferes with the transmission of a message between a sender and receiver.

Technical Problems

Issues or challenges that arise within the realm of technology or engineering, requiring specific technical knowledge and skills to solve.