If a company has $115,000 net sales, $65,000 in gross profit, and $12,000 in net income, the net ...

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If a company has $115,000 net sales, $65,000 in gross profit, and $12,000 in net income, the net ...

If a company has $115,000 net sales, $65,000 in gross profit, and $12,000 in net income, the net income percentage would be approximately 57%.
Is this statement one that's true or false?

Textbook

Financial Accounting

Edition: 3^rd

Authors: Kemp, Waybright

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tivo Author

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7 years ago

Amazing, that's all I can say

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lishak

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5 years ago

thank you

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