Post Utme Bells University 2017 Accounting Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, is as follows: Revenue: ₦1,500,000 Cost of goods sold: ₦900,000 Gross profit: ₦600,000 Operating expenses: ₦150,000 Net income: ₦450,000 What is the company's operating profit margin?

Answer Options

Correct Answer A. 30%
B. 25%
C. 20%
D. 15%
Correct Answer
A
Correct Option:
30%

About This Question

This is Post Utme Bells University 2017 Accounting Question 15. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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