Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 5MCQ
To determine

Profit Margin:

The net income of the company is divided by the revenue the resultant is the profit margin. Profit margin gives the information about the profit earn by the company.

Profit margin express in terms of percentage.

Total Asset Turnover:

The total asset turnover is a type of efficiency ratio. It measures the ability of the company as the as the assets are efficient to generate the sales of the company. The high total asset turnover ratio means that the company uses the assets efficiently.

To identify: The correct option.

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