Return on Sales Is Calculated by Dividing

question 154

Multiple Choice

Return on sales is calculated by dividing

• A) sales by cost of goods sold.
• B) gross profit by net sales.
• C) net income by stockholders' equity.
• D) net income by sales.

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Definitions:

Homeless People

Homeless people are individuals who lack a fixed, regular, and adequate nighttime residence, including those living on the streets, shelters, or in unstable housing situations.

Efficient Economy

An economic system where resources are allocated optimally to meet the needs and wants of its participants, minimizing waste.

Consumer Demand

The desire of purchasers, consumers, or buyers for products or services which they are willing and able to buy.

Efficient Market

A market in which prices fully reflect available information and adjust quickly to new data.