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  • 2021-04-14
    ______________ is a measure of incomeor profit divided by the investment required to obtain that income or profit.
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    • All of the following statements regarding profit margin is true except A: Profit margin reflects the percent of profit in each dollar of revenue. B: Profit margin is also called return on sales. C: Profit margin can be used to compare a firm's performance to its competitors. D: Profit margin is calculated by dividing net income by net sales. E: Profit margin is not a useful measure of a company’s operating results.
    • Economic profit() A: will never exceed<br/>accounting profit. B: is most often equal<br/>to accounting profit. C: is always at least<br/>as large as accounting profit. D: is a less complete<br/>measure of profitability than accounting profit.
    • To achieve profit is not the ultimate goal but profit is the bottom-line measure of a firm’s success and ability to survive.
    • Translate the following sentence into Chinese."A profit statement is also known as a profit and loss statement, an income statement, an income and expense statement or an operating statement."
    • The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.

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      obtain income or profit. divided investment is incomeor required the that measure of by to profit

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