Calculate the return on sales for a business that has net income of $25,000 and sales of $60,000.
A) 42%
B) 0.42
C) 4.2
D) 0.042
E) None of the above
Correct Answer:
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Q1: An income statement shows whether the difference
Q3: Successful entrepreneurs use their financial records to
Q4: In a business formula such as Return
Q5: Examining _ monthly can help determine what
Q6: To see how costs are affecting net
Q7: You can create _ from your income
Q8: EBIT is an acronym for _.
A) Earnings
Q9: What analytic tool allows you to compare
Q10: Cash itself or items that could quickly
Q11: Jared analyzed the income statement for his
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