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

Name: 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
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Question

Quizplus · Accepted Answer

The net income to net sales ratio is calculated by dividing net income by net sales and then multiplying by 100 to get a percentage. So, ($260,000 / $3,600,000) * 100 = 7.22%.

The Net Sales for a Company Were $3,600,000; Gross Profit