Net income divided by net sales is the:
A) Return on total assets.
B) Days' sales in inventory.
C) Total asset turnover.
D) Current ratio.
E) Profit margin.

Name: Net income divided by net sales is the: A) Return on total assets. B) Days' sales in inventory. C) Total asset turnover. D) Current ratio. E) Profit margin.
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Question

Quizplus · Accepted Answer

Net income divided by net sales is the profit margin, which indicates how much profit a company generates from its sales.

Net Income Divided by Net Sales Is The