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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
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)
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