Asked by Carey Sanders on May 25, 2024
Verified
Forman and Brasso Furniture Company had net income of $34,000 and net sales of $248,800. Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer to two decimal places.)
Net Income
The total profit of a company after all expenses and taxes have been subtracted from revenues.
- Acquire knowledge of and implement the equation for computing the association between net income and net sales.
Verified Answer
NJ
Learning Objectives
- Acquire knowledge of and implement the equation for computing the association between net income and net sales.