MULTIPLE CHOICE QUESTIONS

66. Profit margin is calculated by dividing. a. sales by cost of goods sold. b. gross profit by net sales. c. net income by stockholders' equity. d. net income by net sales. Use the following information for questions 67 – 68. Terry Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2003. ................
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