A company has net sales of $126,000,cost of goods sold of $72,000,and operating expenses of $41,000.The company's net income percentage is approximately:

Question

Quizplus · Accepted Answer

Net income is calculated as net sales minus cost of goods sold and operating expenses. So, $126,000 - $72,000 - $41,000 = $13,000. The net income percentage is then ($13,000 / $126,000) * 100 = 10.3%, which is approximately 0.103.

A Company Has Net Sales of $126,000,cost of Goods Sold