A ratio of net income of $100,000 to sales of $1,000,000 can be stated as
A) Net income is 1/10, or 10 percent, of sales.
B) For every dollar of sales, the company has an average net income of 10 cents.
C) The ratio of sales to net income is 10 to 1 (10:1), or sales are 10 times net income.
D) All of these choices.
D
Business
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The most accurate term to refer to workers in the Knowledge-Worker Age is:
(a) independent contractors, (b) entrepreneurs, (c) subordinates, (d) partners, (e) followers.
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Frances McClurg favors the Roth IRA over the traditional IRA. What advantage does the Roth provide over the traditional IRA?
A) She can avoid income taxes when she withdraws. B) The earnings are tax deferred, unlike a traditional IRA. C) Contributions are tax deductible. D) It saves tax money for education.
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