Warm Winters Linen, Inc

question 53

Short Answer

Warm Winters Linen, Inc. had net sales of $350,000 and net income of $30,000. Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer accurate to two decimal places.)

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Definitions:

Balance

The state of equilibrium or equipoise; in psychology, it often refers to mental or emotional stability.

Entropy Principle

A tendency toward balance or equilibrium within the personality; the ideal is an equal distribution of psychic energy over all structures of the personality.

Psychic Energy

A Freudian concept referring to the energy generated by innate drives and instincts, which powers the mind and motivates behavior.

Collective Unconscious

The deepest level of the psyche containing the accumulation of inherited experiences of human and pre-human species.