Investors require a higher rate of return on bonds with higher bond ratings

Regarding the profit margin ratio, which of the following statements is incorrect?

A) The higher the profit margin ratio, the more sales dollars end up as profit. B) The profit margin ratio is computed by dividing net sales by net income. C) The profit margin ratio shows how much net income a business earns on every $1.00 of sales. D) The profit margin ratio focuses on the profitability of a company and is often reported in the business press.

A(n) ___________ is housing intended for and solely occupied by persons 62 years of age or older, or intended and operated for occupancy by persons of 55 years of age or older.

a. senior citizen housing project b. Section 8 housing project c. common interest development (CID) d. cooperative housing project