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  3. 9. for the current period, a company's revenues an

9. For the current period, a company's revenues and expenses are $480,000 and $420,000, respectively....

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9. For the current period, a company's revenues and expenses are $480,000 and $420,000, respectively. What is the company's profit margin percentage for the current period? a - 12.5% b- 25.0%. C-40.0% d - 75.0%. The profit margin percentage equals net income divided by the total revenues 10. Company assets total $150,000 and its liabilities total $30,000. What is the equity of this company? a-$180,000 b - $150,000 C-$120,000 d-$100,000 11. The Prepaid Insurance account has a $4,700 debit balance to start the year. A review of insurance policies shows that $900 of unexpired insurance remains at year-end. The adjusting prepaid insurance that expired at year-end is: a-$4,700 b - $3,800 C-$900 d-$700

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