________ is the percentage of sales dollars that reaches net income on the common-size statements.

Name: ________ is the percentage of sales dollars that reaches net income on the common-size statements.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

The profit margin, also known as the net income margin, is the percentage of sales dollars that reaches net income on the common-size statements. It is a measure of a company's profitability. The formula for calculating the profit margin is net income divided by sales, multiplied by 100.

________ Is the Percentage of Sales Dollars That Reaches Net