1 on the income statement which of the following is a, Ask an Expert

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1. On the income statement, which of the following is a noncash deduction?

cost of goods sold

taxes

selling general and administrative expenses

depreciation

2. A firm has assets of $700,000 and turns over its assets 3 times per year. Return on assets is 10%. What is the firm's profit margin?

-0.15%

0.15%

2.1%

3.33%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92815215

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