The Net Sales for James,Inc

question 19

Multiple Choice

The net sales for James,Inc.were $4,000,000;net income before taxes was $810,000;and gross profit was $1,300,000.The return on sales ratio would be:

• A)12.75%.
• B)32.50%.
• C)45.25%.
• D)20.25%.

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Definitions:

Good Will

An intangible asset representing the value of a business's reputation, brand, and ongoing operations, often reflected in its ability to generate future profits.

Top Strategy

The primary or most important method deployed to achieve a particular goal or objective.

Conflict Resolution

The process of resolving a disagreement or dispute between parties through dialogue, negotiation, or other means.

Groups Form

The process by which individuals come together to constitute a group, based on shared purposes or goals, undergoing stages of forming, storming, norming, and performing.