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Which of the following statements regarding profit margin is false: Multiple Choice Profit margin is not a useful measure of a company's operating results. Profit

Which of the following statements regarding profit margin is false:
Multiple Choice
Profit margin is not a useful measure of a company's operating results.
Profit margin is also called return on sales.
Profit margin is calculated by dividing net income by net sales.
Profit margin reflects the percent of profit in each dollar of sales.
Profit margin can be used to compare a firm's performance to its competitors.
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