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  2. Topic
    Business
  3. Study Set
    Financial Accounting A User Perspective
  4. Exam
    Exam 2: Business Transaction Analysis and Financial Statement Effects
  5. Question
    The Profit Margin Ratio = Sales ÷ Net Income
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The Profit Margin Ratio = Sales ÷ Net Income

Question 20

Question 20

True/False

The profit margin ratio = sales ÷ net income.

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