A ratio of net income of $100,000 to sale of $1,000,000 can be stated as...
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Accounting
A ratio of net income of $100,000 to sale of $1,000,000 can be stated as
a. all of these choices
b. net income is 1/10 or 10% of sales
c. for every dollar of sales, the comapany has an average of net income of 10 cents.
d. the ratio of sales to net income is 20 to 1, or sales ar e10 times net income.
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