Other revenues and expenses , Discontinued operations , Extraordinary items
12- Multiple Choice Question 98
A measure of the percentage of each dollar of sales that results in net income is
return on assets . earnings per share . profit margin . return on common stockholders ’ equity . 13- Multiple Choice Question 159
Which one of the following would be classified as an extraordinary item ?
Expropriation of property by a foreign government . Losses attributed to a labor strike . Write-down of inventories . Gains or losses from sales of equipment . 14- Multiple Choice Question 122