Profit margin is calculated by dividing net income by
A) gross profit.
B) income from operations.
C) sales.
D) gross margin.
Correct Answer:
Verified
Q124: Profit margin is a measure of
A)liquidity.
B)profitability.
C)solvency.
D)comparability.
Q125: Under a periodic inventory system,
A)purchases of inventory
Q126: Use the following financial information to answer
Q127: The Freight In account
A)increases the cost of
Q128: Which of the following accounts has a
Q130: A company can improve its profit margin
Q131: Detailed records of goods held for resale
Q132: A decline in a company's gross profit
Q133: The gross profit margin is calculated by
Q134: Under the periodic inventory system, the Purchases
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