Multiple Choice
Traynham Tractors has a profit margin of 16.4% and Adel Automotive has a profit margin of 18.3%. Which of the following statements is true?
A) Adel Automotive reported more dollars of profit than Traynham Tractors
B) Adel Automotive has more of the firm financed with debt than Traynham does
C) Adel Automotive is able to bring its product to market more efficiently than Traynham Tractors
D) Traynham Tractors would likely be able to borrow money at a lower interest rate than would Adel Automotive
Correct Answer:
Verified
Correct Answer:
Verified
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