menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 5: Merchandising Operations
  5. Question
    Profit Margin Is Calculated by Dividing Net Income by
Solved

Profit Margin Is Calculated by Dividing Net Income by

Question 13

Question 13

Multiple Choice

Profit margin is calculated by dividing net income by


A) gross profit.
B) income from operations.
C) sales.
D) gross margin.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Under a perpetual inventory system, the following

Q9: The physical inventory count is used to

Q10: The operating expenses section of a multiple-step

Q11: Beginning inventory plus purchases equals<br>A)cost of goods

Q12: The collection of a $1,000 account paid

Q14: A quantity discount is recorded separately, the

Q15: After gross profit is calculated, operating expenses

Q16: The largest current asset for a merchandiser

Q17: Which of the following accounts has a

Q18: Mindful Corporation sells merchandise on account for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines