If a Company Has $115,000 Net Sales, $65,000 in Gross

question 16

True/False

If a company has $115,000 net sales, $65,000 in gross profit, and $12,000 in net income, the net income percentage would be approximately 57%.

---

Definitions:

Lactate Fermentation

A biological process occurring without oxygen where glucose or similar six-carbon sugars are transformed into cellular energy and lactate as a metabolic byproduct.

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate derived from carbohydrates, fats, and proteins into carbon dioxide and water.

Mitochondrial Matrix

The innermost compartment of the mitochondrion and the site of the citric acid cycle, which produces energy for the cell.

Acetyl-CoA

A molecule involved in metabolism, serving as a key intermediate in several biochemical reactions, including the synthesis and oxidation of fatty acids.