10. Royal Corp's sales last year were $560,000, and its net income was $46,000. What was its profit margin? * O a) 7.41%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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E BFIN300 Assessment 2
s.google.com/forms/d/e/1FAlpQLSc5SjbreWzC0 _yZPB3S2KWa9rUU-y0qkfRTKB8PKub7CTYBJA/formResponse
te..
A Adaptive Math | Ad. O New Tab
O e) None of the above
10. Royal Corp's sales last year were $560,000, and its net income was
$46,000. What was its profit margin?
a) 7.41%
O b) 7.80%
O c) 8.21%
d) 8.63%
e) None of the above
11. What's the present value of a perpetuity that pays $300 per year if the
6 p
interest rate is 8%? *
Transcribed Image Text:E BFIN300 Assessment 2 s.google.com/forms/d/e/1FAlpQLSc5SjbreWzC0 _yZPB3S2KWa9rUU-y0qkfRTKB8PKub7CTYBJA/formResponse te.. A Adaptive Math | Ad. O New Tab O e) None of the above 10. Royal Corp's sales last year were $560,000, and its net income was $46,000. What was its profit margin? a) 7.41% O b) 7.80% O c) 8.21% d) 8.63% e) None of the above 11. What's the present value of a perpetuity that pays $300 per year if the 6 p interest rate is 8%? *
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