Asked by Connor Romero on May 11, 2024
Verified
SXF, Inc. had net sales of $450,000 and net income of $35,000. Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer to two decimal places.)
Net Income
Net Income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's actual profitability.
Net Sales
The total revenue from sales minus returns, allowances, and discounts.
- Master and employ the formula for analyzing the link between net income and net sales.
Verified Answer
CR
Learning Objectives
- Master and employ the formula for analyzing the link between net income and net sales.