Answered: If a company reports a 5% profit margin…

If a company reports a 5% profit margin percentage, this means that the company is earning 5 cents of profit per dollar of sales. True False

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If a company reports a 5% profit margin percentage, this means that the company is
earning 5 cents of profit per dollar of sales.
True
False

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