Question 33 Net income percentage is equal to: A. Net Sales divided by Net Income B. Net Income divided by Net Sales ③ C. Total Equity divided by Net Sales D. Net Income divided by Gross Margin

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 33
Net income percentage is equal to:
A. Net Sales divided by Net Income
B. Net Income divided by Net Sales
③ C. Total Equity divided by Net Sales
D. Net Income divided by Gross Margin
Transcribed Image Text:Question 33 Net income percentage is equal to: A. Net Sales divided by Net Income B. Net Income divided by Net Sales ③ C. Total Equity divided by Net Sales D. Net Income divided by Gross Margin
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