Multiple Choice
The net sales for James, Inc. were $4,000,000; net income before taxes was $830,000; and gross profit was $1,400,000. The return on sales ratio would be: (Round your answer two decimal places, X.XX%.)
A) 14.25%.
B) 35.00%.
C) 59.29%.
D) 20.75%.
Correct Answer:
Verified
Correct Answer:
Verified
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