The return on sales ratio is ________.
A) Net income/sales
B) Also called the operating ratio
C) Revenue/expenses
D) Debt/income
E) Inventory/receipts payable

Name: The return on sales ratio is ________. A) Net income/sales B) Also called the operating ratio C) Revenue/expenses D) Debt/income E) Inventory/receipts payable
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Question

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The return on sales ratio is calculated by dividing net income by sales revenue. It shows the percentage of each dollar of sales that is turned into net income.

The Return on Sales Ratio Is ________