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1) When preparing a common size balance sheet, each item is presented as a percentage...

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Question

Accounting

1) When preparing a common size balance sheet, each item is presented as a percentage of

a.

net sales
b.

total assets
c.

total equity
d.

net income

2) net sales - C/G/S) / net sales equals

a.

net profit margin
b.

gross income
c.

net income
d.

gross profit margin

3) How is net profit margin calculated?

a.

net income / net sales
b.

gross profit / net sales
c.

net income / gross sales
d.

gross profit / gross sales

Answer & Explanation Solved by verified expert
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