Which of the following uses net income and net sales from the income statement to give the percentage of each dollar of sales remaining after all costs of normal operations are accounted for?
A) R eturn on investment
B) I nventory turnover
C) Current ratio
D) Profit margin
E) Statement of cash flows

Question

Quizplus · Accepted Answer

Profit margin is calculated by dividing net income by net sales, providing the percentage of each dollar of sales that remains after all costs of normal operations have been deducted.

Which of the Following Uses Net Income and Net Sales