The Moose Hardware Company Had Net Income of $60,000 and Net

question 40

Short Answer

The Moose Hardware Company had net income of $60,000 and net sales of $470,000. Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer to two decimal places.)

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Definitions:

Demote

In computing, often used to refer to lowering the rank or level of a piece of data or a thread in a hierarchy.

List Item

A single entry or element within a list, which could be part of an ordered (numbered) or unordered (bulleted) list.

Lower Level

A term referring to items, operations, or components that are considered to be at a more basic or foundational tier within a hierarchy.

Calculation

The process of determining a result through mathematical or logical operations, often automated in software applications.