The Net Sales for James,Inc

question 52

Multiple Choice

The net sales for James,Inc.were $4,000,000; net income was $510,000; and gross profit was $1,300,000.The return on sales ratio would be:

• A)12.75%.
• B)32.50%.
• C)45.25%.
• D)39.23%.

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Definitions:

Pairs of Shoes

A unit of measure often used in economics or retail to discuss the quantity of shoes, indicative of inventory levels or sales volumes.

Domestic Price

The price of goods or services within a country's borders, as opposed to international or export prices.

Trade Price

The price at which goods are sold between companies, typically lower than retail prices due to the absence of retailer markup.

Domestic Production

The total output of goods and services produced by a nation's economy within its territory.