The net sales for a company were $3,600,000; gross profit was $600,000; and net income was $260,000 . The net income to net sales ratio would be
a. 7.22%.
b. 16.67%.
c. 23.89%.
d. 43.33%.
a
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Patch, Inc plans to distribute $134,000 in dividends. It has outstanding 200,000 shares of 7% $10 par preferred stock (cumulative) and 60,000 shares of $2 par common stock. How much will be distributed per share on preferred and common stock? Preferred stock Common stock
A) $3.35 $1.12 B) $0.70 $2.00 C) $0.67 $ -0- D) $1.68 $1.68
To be enforced, a prenuptial agreement must be in writing
Indicate whether the statement is true or false
Which of the following is not a type of qualitative forecasting?
A) jury of executive opinion B) sales force composite C) market survey D) Delphi method E) moving average
Under the UCC, a fictitious payee's indorsement is not treated as a forgery.
Answer the following statement true (T) or false (F)