The Excel formula to compute net income's percentage of sales in Exhibit 7-5, is

a. \(=B 4 * B 2\)

b. \(=B 4 / B 2\)

c. \(=\mathrm{B} 2-\mathrm{B} 3\)

d. \(=\mathrm{B} 4+\mathrm{B} 3\)

Transcribed Image Text:

EXHIBIT 7-5 A Spreadsheet Screen Formula for B4: B2-83 Column: A Row: Income Statement: Revenues 150,000 Expenses 90,000 Net Income 60,000 Cursor is on cell B4.