The ratio of net income to net sales is the relationship presented by the ______________ ratio
Fill in the blank(s) with correct word
profit margin
You might also like to view...
The future value of $200 received today and deposited at 8 percent compounded semi-annually for three years is:
A) $380 B) $158 C) $253 D) $252 E) $248
Refer to Table 5-2. If Jane sells $10,000 worth of dresses next month, she will
A) earn a profit of approximately $1,800. B) lose approximately $1,800. C) lose approximately $1,660. D) earn a profit of approximately $1,660. E) Cannot tell with information provided.
Answer the following statements true (T) or false (F)
1. S & C Corporation has $17,000 cash, $8,000 equipment, and $3,000 inventory. The current assets section of the balance sheet would total $20,000. 2. Gross profit percentage is computed by dividing sales revenue by cost of goods sold. 3. The net income percentage is computed by dividing net income by gross profit. 4. If a company has $115,000 sales revenue, $65,000 in gross profit, and $12,000 in net income, the net income percentage would be approximately 57%. 5. If a company had sales revenue of $56,000, gross profit of $33,000, and net income of $8,000, the gross profit percentage would be approximately 59%.
In the context of ratio analysis, the quick ratio measures
A. the cash that can be quickly gained by selling a firm's current inventory at hugely discounted rates. B. the overall profits of a firm measured across a fixed period of time. C. the total assets of a firm, including equity investments and accounts receivable. D. the current assets of a firm, excluding its current inventory, relative to its current liabilities.