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    Exam 3: Accruals and Deferrals: Timing Is Everything in Accounting
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    Use the Following Information from Hormel Foods Corporation's Income Statement
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Use the Following Information from Hormel Foods Corporation's Income Statement

Question 213

Question 213

Multiple Choice

Use the following information from Hormel Foods Corporation's income statement to calculate the company's 2012 profit margin on sales ratio. Use the following information from Hormel Foods Corporation's income statement to calculate the company's 2012 profit margin on sales ratio.   A) 23.7% B) 4) 2% C) 4) 4% D) 5) 0%


A) 23.7%
B) 4) 2%
C) 4) 4%
D) 5) 0%

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