Quality Construction, Inc. ​

question 50

Short Answer

Quality Construction, Inc.
​
Selected figures from the Balance Sheet and Income Statement of Quality Construction, Inc. are shown below. (Round answers to two decimal places.)
​​ ​
-Refer to Quality Construction, Inc. Compute the relationship of net income to net sales for Quality Construction, Inc. Express your answer as a percentage.

---

Definitions:

Toll Road

A toll road is a public or private roadway for which a fee is assessed for passage. It generates revenue used for road construction, maintenance, or other transportation expenses.

Clean Air

Refers to the state of the atmosphere when it is free from pollutants and contaminants, enhancing environmental health and quality of life.

Too Little Consumption

A situation where individuals or the economy as a whole are consuming less than optimal, possibly leading to underutilization of resources and a decrease in economic wellbeing.

Nonexcludable

A characteristic of public goods where it is not feasible to exclude individuals from using the good, leading to potential free-rider problems.