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

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

Quizplus · Accepted Answer

Net income divided by net sales is the profit margin, which measures the percentage of each sales dollar that results in profit after all expenses are paid.

Net Income Divided by Net Sales Is The