Business, 15.07.2021 21:50 edjiejwi

Express net income as a common-size percentage using the following data. Sales $45,000
Cost of goods sold $29,340
Gross profit from sales $15,660
Operating expenses $10,800
Net income $4,860.

a. 100 percent
b. 31 percent
c. 12 percent
d. 10.8 percent

Answers: 3

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Express net income as a common-size percentage using the following data. Sales $45,000
Cost o...