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How do explain the to owner penelope hassey

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Question 1: You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margin of 19%. How do you explain this to owner Penelope Hassey?

Option 1: For every $19 in sales, $100 ended up in Net Income.

Option 2: For every $100 in sales, $19 ended up in Net Income.

Option 3: 19% of Net Income was generated by Profit Margin.

Option 4: 19% of sales were generated by Net Income.

Reference no: EM132575471

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