Multiple Choice
Planners have determined that sales will increase by 20% next year,and that the profit margin will remain at 10% of sales.Which of the following statements is correct?
A) Profit will grow by 20%.
B) The profit margin will grow by 10%.
C) Profit will grow proportionately faster than sales.
D) Ten percent of the increase in sales will become net income.
Correct Answer:
Verified
Correct Answer:
Verified
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