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Which of the following statements regarding profit margin is false? Multiple Choice O Profit margin is calculated by dividing net income by net sales. O

Which of the following statements regarding profit margin is false? Multiple Choice O Profit margin is calculated by dividing net income by net sales. O Profit margin is also called return on sales. O Profit margin is not a useful measure of a company's operating results. O Profit margin shows the percent of profit in each dollar of sales

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