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  3. a profit margin of 10% indicates that: multiple c

A profit margin of 10% indicates that: Multiple Choice for every $1 in...

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Accounting

A profit margin of 10% indicates that:
Multiple Choice
for every $1 in net income, the company generates $0.10 in net sales.
for every $1 in net income, the company generates $0.90 in net sales.
for every $1 in net sales, the company generates $0.10 in net income.
for every $1 in net sales, the company generates $0.90 in net income.
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