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The Net Sales for a Company Were $3,600,000; Gross Profit

Question 95

Multiple Choice

The net sales for a company were $3,600,000; gross profit was $600,000; and net income was $260,000. The net income to net sales ratio would be

A) 7.22%.
B) 16.67%.
C) 23.89%.
D) 43.33%.

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