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Fletcher & Brown Interiors had a net income of $42,500 and net sales of $315,000. Compute the relationship of net income to net sales.

Fletcher & Brown Interiors had a net income of $42,500 and net sales of $315,000. Compute the relationship of net income to net sales.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...
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Compute the relationship of net income to net sales?

Fletcher & Brown Interiors had a net income of $42,500 and net sales of $315,000. Compute the relationship of net income to net sales.
Transcribed Image Text:Fletcher & Brown Interiors had a net income of $42,500 and net sales of $315,000. Compute the relationship of net income to net sales.
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