Woods, Inc

question 131

Multiple Choice

Woods, Inc. reported Net Sales of $326,000, Cost of Goods Sold of $188,600, Operating Expenses of $59,900, and Income Tax Expense of $9300. Woods' net income percentage was: (Round your final answer to two decimal places, X.XX%.)

• A)42.15%.
• B)20.92%.
• C)57.85%.
• D)23.77%.