A Company Reports Net Income of $70,000 and Net Sales

question 60

Multiple Choice

A company reports net income of $70,000 and net sales of $950,000. Which of the following is the rate of return on net sales?

• A) 0.05
• B) 0.20
• C) 0.07
• D) 0.66

---

Definitions:

Stroop Effect

A psychological phenomenon that demonstrates the interference in the reaction time of a task when the color of words on a test and their meaning differ.

Visual Processing

The process through which the brain deciphers visual data to comprehend and engage with the surroundings.

Algorithm

A step-by-step procedure or formula for solving a problem or completing a task.

Visual Input

Information received by the eyes that is then processed by the brain.