Which of the following statements about net profit margin is not correct?
A) If a company's net profit margin increases from 12% to 18% this would be considered an improvement in profitability.
B) A company with a net profit margin of 15% is using 85% of each dollar of revenue to cover costs and expenses.
C) Net profit margin indicates how much net income is earned for each dollar of revenue.
D) A company with a net profit margin of 8% may be evaluated differently depending upon which industry it is in.
E) All of these statements are correct.
Correct Answer:
Verified
Q206: The income statement measures the:
A)amount of revenue
Q207: Which of the following is always true?
A)Net
Q208: Net income refers to the:
A)difference between what
Q209: A company has total revenue of $759,000
Q210: Geo Inc.had the following account balances
Q212: If beginning Accounts Payable is $10,000 and
Q213: Which of the following would increase the
Q214: Arthur Industries entered into the following transactions
Q215: The following information is available from
Q216: Selected financial information presented below was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents