Foreign Travel Services Has Net Income of $48,400, Total Assets

question 57

Multiple Choice

Foreign Travel Services has net income of $48,400, total assets of $219,000, total equity of $154,800, and total sales of $311,700. What is the common-size percentage for the net income?

• A) 9.00 percent
• B) 13.90 percent
• C) 15.53 percent
• D) 22.10 percent
• E) 31.27 percent

---

Definitions:

Low Content

Refers to materials, information, or substances that are present in minimal amounts.

Ropy Texture

A geological texture characterized by smooth, undulating surfaces, commonly found in pahoehoe lava flows.

Gas Pressure

The force exerted by gas on the walls of its container or anything it comes into contact with.

Explosive Eruptions

Volcanic eruptions characterized by violent explosions that propel ash, tephra, and volcanic gases into the atmosphere, typically associated with high-viscosity magmas.