The net sales for a company were $3,600,000; gross profit was $600,000; and net income was $260,000. The rate of return on net sales would be:
A) 0.0722.
B) 0.1667.
C) 0.2389.
D) 0.4333.
Correct Answer:
Verified
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Q40: A company has cash, $85,000; temporary investments,
Q41: A company has cash, $85,000; temporary investments,
Q42: A company has net sales on account
Q43: A company has net sales on account
Q44: A company has cash $80,000; temporary investments,
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