the net sales for a company were $36,000; gross profit was $6,000; and net income was $2,600. The net income to net sales ratio would be 7.22%. 16.67%. 23.89%. 43.33%. Question 32 - Transactions involving the purchase and sale of long-term assets, investing in equity securities, lending money, and collecting the principal on related loans are called investing activities. operating activities. financing activities. buying and selling activities.