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QUESTION
The profit margin ratio ____. shows how much gross profit business earns on every $1.00 of sales. focuses on the liquidity of the business. computed...
The profit margin ratio ____.
A. shows how much gross profit business earns on every $1.00 of sales.
B. focuses on the liquidity of the business.
C. computed by dividing net sales by net income.
D. is often compared to industry average.
(A was marked incorrect)
