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    Business
  3. Study Set
    Century 21 Accounting
  4. Exam
    Exam 7: Financial Statements for a Proprietorship
  5. Question
    The Formula for Calculating the Net Income Ratio Is
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The Formula for Calculating the Net Income Ratio Is

Question 15

Question 15

Multiple Choice

The formula for calculating the net income ratio is


A) net income divided by total sales.
B) total sales divided by total expenses.
C) total sales minus total expenses divided by net income.
D) none of these.

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