The Profit Margin Ratio Indicates the Amount of Net Income

question 131

Multiple Choice

The profit margin ratio indicates the amount of net income achieved for each:

• A)collection on a receivable.
• B)dollar of inventory.
• C)dollar of total assets.
• D)dollar of sales.

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Definitions:

Rhodopsin

A light-sensitive receptor protein found in the rods of the retina, critical for vision in low-light conditions.

Photoreceptor

Sensory receptor that is sensitive to light—for example, rods and cones of the retina.

Lens Flattens

A process where the lens of the eye changes shape, becoming less curved, to focus distant objects clearly onto the retina.

Ciliary Muscles

Ring-shaped muscles located in the eye that control the shape of the lens to focus on objects at varying distances.