Which of the following statements regarding profit margin is not true? Multiple Choice Profit margin reflects the
Fantastic news! We've Found the answer you've been seeking!
Question:
- Profit margin reflects the percent of profit in each dollar of revenue.
Profit margin is also called return on sales.
Profit margin can be used to compare a firm's performance to its competitors.
Profit margin is calculated by dividing net income by net sales.
Profit margin is not a useful measure of a company's operating results.
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
Posted Date: