Question: What does a profit margin of 2 0 % represent? A ) The company generates a $ 1 in profit for every 2 0 cents

What does a profit margin of 20% represent?
A) The company generates a $1 in profit for every 20 cents in sales
B) The company generates 20 cents in profit for every $1 in sales
C) The company generates 20 cents in profit for every $$1 in equity
D) The company generates 20 cents in profit for every $1 in assets

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!