Question: What does a profit margin of 2 0 % represent? Multiple choice question. The company generates a $ 1 in profit for every 2 0

What does a profit margin of 20% represent?
Multiple choice question.
The company generates a $1 in profit for every 20 cents in sales
The company generates 20 cents in profit for every $1 in sales
The company generates 20 cents in profit for every $1 in equity
The company generates 20 cents in profit for every $1 in assets

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