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:

Maximum Sustained Yield

The largest yield or catch that can be taken from a species' stock over an indefinite period without causing stock depletion.

Commercially Valuable Stocks

Investments or goods that have significant market value and the potential to generate profit.

Turtle Exclusion Devices

Specialized equipment installed on fishing nets to allow turtles to escape and thus minimize bycatch in marine fisheries.