Question
TB MC Qu. 3-90 (Static) The following are the income statements... The following are the income statements for Ace and Diamond Companies. AceDiamondRevenue$ 70,000$ 76,000Cost
TB MC Qu. 3-90 (Static) The following are the income statements...
The following are the income statements for Ace and Diamond Companies.
AceDiamondRevenue$ 70,000$ 76,000Cost of goods sold49,00049,000Gross margin21,00030,400Operating expenses9,50012,500Net income$ 11,50017,900
What are the net income percentages for the above companies?
Multiple Choice
- 6.09%; 4.25%
- 1.83%; 1.70%
- 16.4%; 23.6%
- 30%; 40%
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
