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Hopper,Inc ​
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Question 48

Multiple Choice

Hopper,Inc.
Use the information from Hopper,Inc.to answer the following question.

20182017 Operating revenues $1,900,000$1,600,000 Operating expenses 1,400,0001,100,000 Income taxes 200,000200,000\begin{array} { l r r } & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \\\text { Operating revenues } & \$ 1,900,000 & \$ 1,600,000 \\\text { Operating expenses } & 1,400,000 & 1,100,000 \\\text { Income taxes } & 200,000 & 200,000\end{array}
-Read the information about Hopper,Inc.Which of the following statements is the best answer regarding the company's profit margin?


A) The profit margin was 15.8% in 2018.
B) The profit margin was 15.8% in 2017.
C) The profit margin was 31.5% in 2018.
D) The profit margin was 31.5% in 2017.

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