Question 1 of 10
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
Question 2 of 10
The excess of total assets over total liabilities is called
working capital.
A. True
B. False
Question 3 of 10
Any reputable company has a cash...