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    Fundamentals of Corporate Finance Study Set 12
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    Exam 2: Introduction to Financial Statement Analysis
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    A Firm's Net Profit Margin Increased from 3
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A Firm's Net Profit Margin Increased from 3

Question 103

Question 103

Multiple Choice

A firm's net profit margin increased from 3.2% to 3.8% from 2014 to 2015.If total sales increased from $312 million in 2014 to $345 million in 2015,what was the increase in net income?


A) $19 million
B) $21 million
C) $3 million
D) $2 million
E) $13 million

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