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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 9: Analyzing Financial Statements
  5. Question
    FastForward Had $3,000 of Profit for October
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FastForward Had $3,000 of Profit for October

Question 21

Question 21

Multiple Choice

FastForward had $3,000 of profit for October.Total revenues were $10,000.Calculate the profit margin


A) 30%
B) $7,000
C) 15%
D) $1,500
E) 45%

Correct Answer:

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