menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
  4. Exam
    Exam 4: Accounting for Merchandising Businesses
  5. Question
    How Is the Net Income Percentage Calculated
Solved

How Is the Net Income Percentage Calculated

Question 32

Question 32

Multiple Choice

How is the net income percentage calculated?


A) Net Sales divided by net Income
B) Net Income divided by net Sales
C) Total stockholders' equity divided by net sales
D) Net Income divided by Gross Margin

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: When a company recognizes cost of goods

Q28: Which of the following items is not

Q29: Foote Company was granted a purchase discount

Q30: Which of the following account titles is

Q31: A company's chart of accounts includes,in part,the

Q33: Which of the following describes the purpose

Q34: What do the credit terms,2/15,n/30 mean?<br>A)A fifteen

Q35: Howell Company granted a sales allowance of

Q36: Leonard Company paid freight costs to have

Q37: Jake Co.purchased on account merchandise with a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines