A company reports the following:
Determine the ratio of net sales to total assets.Round your answer to one decimal place.
Definitions:
Salaries And Wages Payable
Liabilities representing amounts owed by an employer to its employees for work performed but not yet paid.
FICA Taxes Withheld
The part of wages that are taken out for Social Security and Medicare, as required by the Federal Insurance Contributions Act.
FICA Taxes
Taxes collected from both employers and employees in the United States to fund Social Security and Medicare, consisting of both Social Security and Medicare taxes.
Supplemental Retirement
Additional retirement savings and income plans beyond standard pension arrangements, often offered to employees as part of their benefits package.
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