On the income statement, profit margins are expressed as a percentage of

Name: On the income statement, profit margins are expressed as a percentage of
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Question

Quizplus · Accepted Answer

Profit margins on the income statement are expressed as a percentage of sales, which represents the revenue generated by the company. This percentage indicates how much profit the company is making for every dollar of sales generated. Therefore, option D is the correct answer.

On the Income Statement, Profit Margins Are Expressed as a Percentage