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    Financial Accounting Tools Study Set 2
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    Profit Margin Is Calculated by Dividing
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Profit Margin Is Calculated by Dividing

Question 13

Question 13

Multiple Choice

Profit margin is calculated by dividing


A) profit by gross profit.
B) profit by sales.
C) profit by net sales.
D) sales by profit.

Correct Answer:

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