Multiple Choice
Venus Inc., a software consulting firm, had made a gross profit of $350.0 million for the year 2012. For the same year, it had made sales of $890.0 million. What was its gross profit margin?
A) 69.32%
B) 59.32%
C) 49.32%
D) 39.32%
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which of the following profitability ratios measures
Q9: Explain the difference between an income statement
Q10: The gross profit margin is the percentage
Q11: In the context of financial statements, which
Q12: The difference between assets and liabilities of
Q13: Subtracting depreciation and net interest expense from
Q14: Receivables are collected credit sales.
Q15: A balance sheet contains more marketing-related information
Q16: Cost of goods sold represents the revenue
Q17: Venus Inc., a software consulting firm, had