The Net Sales for James, Inc

question 36

Multiple Choice

The net sales for James, Inc. were $4,000,000; net income before taxes was $830,000; and gross profit was $1,400,000. The return on sales ratio would be: (Round your answer two decimal places, X.XX%.)

• A) 14.25%.
• B) 35.00%.
• C) 59.29%.
• D) 20.75%.

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Definitions:

Lion Gate

The main entrance of the Bronze Age citadel of Mycenae in Greece, famous for its lintel topped by a relief of two lions.

Egyptian Pylon

An Egyptian pylon is a monumental gateway to ancient Egyptian temples, consisting of two tapering massive towers joined by a less elevated doorway, often carved with hieroglyphics and religious imagery.

Marine Style

A distinctive style of Minoan pottery characterized by sea creatures, seaweed, and other marine motifs, predominantly found during the Late Minoan period.

Minoan Pottery

Ancient ceramic works produced by the Minoan civilization on Crete and other Aegean islands, noted for their complex patterns and vibrant colors.