Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 What is the formula for the rate of return on sales? Net Income / Net Sales Gross Income / Net Sales Gross Income
Question 2
What is the formula for the rate of return on sales?
- Net Income / Net Sales
- Gross Income / Net Sales
- Gross Income / Gross Sales
- Net Income / Gross Sales
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started